Question

State the null and alternative hypotheses for the claimA report from five years ago said that the average income of accountants was $51,497; but nowadays it's more than that.

Answer 1

ANSWER and EXPLANATION

We want to state the null and alternative hypotheses for the claim given.

A null hypothesis is a statement about a population parameter such that the likelihood can be tested to either accept or reject the alternative hypothesis.

An alternative hypothesis on the other hand is a statement that directly contradicts the null hypothesis.

Therefore, going by that, we see that the null hypothesis is:

`\mu=\$51,497`

and the alternative hypothesis is:

`\mu>\$51,497`