ECON1203 project help (1 Viewer)

sc10

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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

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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

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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!)
 

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