a) determine the null hypothesis b) determine the alternative hypothesis c) clas

Question

a) determine the null hypothesis b) determine the alternative hypothesis c) classify the hypothesis test as two tailed, left tailed, orright tailed Agriculture Books. The R. R. Bowker companyof new Yorkcollects information on the retail prices of books andpublishes the data in The Bowker Annual Library and Book TradeAlmanac. In 2000, the mean retail price of agriculture bookswas $66.52. A hypothesis test is to be performed to decide whetherthis year's mean retail priceof agriculture books has changed ffromthe 2000 mean. a) determine the null hypothesis b) determine the alternative hypothesis c) classify the hypothesis test as two tailed, left tailed, orright tailed Agriculture Books. The R. R. Bowker companyof new Yorkcollects information on the retail prices of books andpublishes the data in The Bowker Annual Library and Book TradeAlmanac. In 2000, the mean retail price of agriculture bookswas $66.52. A hypothesis test is to be performed to decide whetherthis year's mean retail priceof agriculture books has changed ffromthe 2000 mean.

Explanation / Answer

a) The null hypothesis is that the mean retail price ofagriculture books was $66.52 i.e.                                                                                                   H0:=66.52 b) The alternative hypothesis is that the mean retail priceof agriculture books was $66.52 i.e.                                                                                                      H0:/=66.52 c) This hypothesis test is classified as two tailed based on thealterantive hypothesis.

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