According to the National Retail Federation, the average shopper will spend $1,007.24 during the holiday shopping season. What is the null and alternate hypothesis? A) Sample Population is needed to complete the hypothesis. B) H₀:$\mu$ $\neq$ 1007.24; H_A$\mu$ = 1007.24 C) H₀:$\mu$ $\ge$ 1007.24; H_A$\mu$ $\le$ 1007.24 D) H₀:$\mu$ = 1007.24; H_A$\mu$ $\neq$ 1007.24

Question

Quizplus · Accepted Answer

The null hypothesis (often denoted H0) is a statement of no effect or no difference and would assert that the average shopper spends exactly $1,007.24 during the holiday shopping season. The alternative hypothesis (denoted H1 or Ha) suggests there is an effect or a difference, meaning the average spending is not equal to $1,007.24. This is why option D is correct, as it correctly states the null hypothesis as the average being equal to $1,007.24 and the alternative hypothesis as the average not being equal to $1,007.24.

According to the National Retail Federation, the Average Shopper Will μ\muμ

According to the National Retail Federation, the Average Shopper Will $\mu$