• We are looking for new moderators to join the Bored of Studies team!
    Click here for details
  • Looking for HSC notes and resources?
    Check out our Notes & Resources page

ECON1203 project help (1 Viewer)

sc10

Member
Joined
Oct 13, 2012
Messages
34
Gender
Male
HSC
2012
One of the key performance indicators is that "the average customer spends more than $255 per day in excess of accommodation costs"
I am just wondering what is the null hypothesis in this case, is it H0: U=255 or H0: U≥255 or Ho: U>255

Any help would be much appreciated
 

Kurby

Member
Joined
Sep 24, 2003
Messages
110
Location
Sydney
Gender
Male
HSC
N/A
I think its just greater than? In the real world, it really doesn't matter if you include the 255 but I guess its an assignment... lol.
 

Riachain

Member
Joined
Apr 26, 2012
Messages
252
Location
Kensington
Gender
Female
HSC
2012
Uni Grad
2016
Null hypotheses are always with an "=" sign, so it'd be H0: U=255. (That's what we learned, anyway. Doing the assignment at the moment. Going pretty darn decent!)
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top