The average monthly rent for one-bedroom apartments in Chattanooga has been $700.Because of the downturn in the real estate market,it is believed that there has been a decrease in the average rental.The correct hypotheses to be tested are A)H₀: $\mu$

Question

The average monthly rent for one-bedroom apartments in Chattanooga has been $700.Because of the downturn in the real estate market,it is believed that there has been a decrease in the average rental.The correct hypotheses to be tested are A)H₀: $\mu$ < 700 H_a: $\mu$ < 700 B)H₀: $\mu$ = 700 H_a: $\mu$ $\neq$ 700 C)H₀: $\mu$ > 700 H_a: $\mu$$\le$ D)H₀: $\mu$ < 700 H_a: $\mu$$\ge$ 700

Quizplus · Accepted Answer

The Answer of The average monthly rent for one-bedroom apartments in Chattanooga has been $700.Because of the downturn in the real estate market,it is believed that there has been a decrease in the average rental.The correct hypotheses to be tested are A)H₀: $\mu$ < 700 H_a: $\mu$ < 700 B)H₀: $\mu$ = 700 H_a: $\mu$ $\neq$ 700 C)H₀: $\mu$ > 700 H_a: $\mu$$\le$ D)H₀: $\mu$ < 700 H_a: $\mu$$\ge$ 700

The Average Monthly Rent for One-Bedroom Apartments in Chattanooga Has μ\muμ

The Average Monthly Rent for One-Bedroom Apartments in Chattanooga Has $\mu$