CoStar would like to test if the vacancy rate for "warehouse" stores is more than 8%. The correct hypothesis statement to test for this vacancy rate would be _____. A)H₀: p = 0.08; H₁: p 0.08 C)H₀: p × 0.08; H₁: p = 0.08 D)H₀: p = 0.08; H₁: p × 0.08

Question

CoStar would like to test if the vacancy rate for "warehouse" stores is more than 8%. The correct hypothesis statement to test for this vacancy rate would be _____. A)H₀: p = 0.08; H₁: p < 0.08 B)H₀: p c 0.08; H₁: p > 0.08 C)H₀: p × 0.08; H₁: p = 0.08 D)H₀: p = 0.08; H₁: p × 0.08

Quizplus · Accepted Answer

The correct hypothesis for testing if the vacancy rate is more than 8% would have the null hypothesis stating the vacancy rate is equal to 8% (p = 0.08) and the alternative hypothesis stating the vacancy rate is greater than 8% (p > 0.08).

CoStar Would Like to Test If the Vacancy Rate for "Warehouse