A fast-food franchise is considering building a restaurant at a busy intersection.A financial advisor determines that the site is acceptable only if,on average,more than 300 automobiles pass the location per hour.If the advisor tests the hypotheses versus ,µ stands for ____________.
A)The average number of automobiles that pass the intersection per hour
B)The number of automobiles that pass the intersection per hour
C)The proportion of automobiles that pass the intersection per hour
D)The standard deviation of the number of automobiles that pass the intersection per hour

Question

A fast-food franchise is considering building a restaurant at a busy intersection.A financial advisor determines that the site is acceptable only if,on average,more than 300 automobiles pass the location per hour.If the advisor tests the hypotheses  versus  ,µ stands for ____________.
A)The average number of automobiles that pass the intersection per hour 
B)The number of automobiles that pass the intersection per hour 
C)The proportion of automobiles that pass the intersection per hour 
D)The standard deviation of the number of automobiles that pass the intersection per hour

Quizplus · Accepted Answer

The symbol µ represents the population mean or the average number of automobiles passing the intersection per hour. The null hypothesis (H0) states that the population mean is equal to or less than 300, while the alternative hypothesis (Ha) proposes that the population mean is greater than 300. Therefore, the null and alternative hypotheses can be written as:
H0: µ ≤ 300
Ha: µ > 300

A Fast-Food Franchise Is Considering Building a Restaurant at a Busy