Which of the Following Could Be an Appropriate Null Hypothesis $H_{0}: \bar{X}=\$ 2617$

question 40

Multiple Choice

Which of the following could be an appropriate null hypothesis for a statistical test concerning the mean income of 17-year old males?

• A) \( H_{0}: \bar{X}=\$ 2617 \)
• B) \( H_{0}: \mu=\$ 2617 \)
• C) \( H_{0}: \bar{X} \neq \$ 2617 \)
• D) \( H_{0}: \mu \neq \$ 2617 \)

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Definitions:

Labor-Intensive

A process or industry that requires a large amount of labor to produce its goods or services, typically compared to the amount of capital required.

Labor-Abundant

Referring to countries or regions that have a high supply of labor relative to capital, often resulting in lower labor costs.

World Trade Organization

An international organization that regulates international trade and ensures the smooth and free flow of trade between countries.

Trade Policy

Government regulations and strategies that determine how a country conducts trade with other nations, including tariffs, trade agreements, and import/export controls.