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For the following conjecture, state the null and alternative hypotheses.

The average income of accountants is

$51,497

1 Answer

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Final answer:

The null hypothesis states that the average income of accountants is equal to $51,497, while the alternative hypothesis states that it is not equal to $51,497.

Step-by-step explanation:

To identify the null and alternative hypotheses for the given conjecture about the average income of accountants, we can state the following:

Null Hypothesis (H0): The average income of accountants is equal to $51,497.

Alternative Hypothesis (H1): The average income of accountants is not equal to $51,497.

The null hypothesis assumes that there is no significant difference in the average income of accountants compared to the given value. The alternative hypothesis accounts for the possibility of a difference.

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