Express the Null Hypothesis and the Altemative Hypothesis in Symbolic $( \mu , p , \sigma )$

question 57

Multiple Choice

Express the null hypothesis and the altemative hypothesis in symbolic form. Use the correct symbol $( \mu , p , \sigma )$ for the indicated parameter. A psychologist claims that more than 5.8 percent of the population suffers from professional problems due to extreme shyness. Use p, the true percentage of the population that suffers from extreme shyness.

• A) \(\begin{array} { l }
• H _ { 0 } : p = 5.8 \% \\
• H _ { 1 } : p < 5.8 \%
• \end{array}\)
• B) \(\begin{array} { l }
• H _ { 0 } : p = 5.8 \% \\
• H _ { 1 } : p \leq 5.8 \%
• \end{array}\)
• C) \(\begin{array} { l }
• H _ { 0 } : p = 5.8 \% \\
• H _ { 1 } : p > 5.8 \%
• \end{array}\)
• D) \(\begin{array} { l }
• H _ { 0 } : p < 5.8 \% \\
• H _ { 1 } : p \geq 5.8 \%
• \end{array}\)

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Definitions:

Inventory

The raw materials, work-in-progress products, and finished goods that are considered to be part of a business's assets that are ready or will be ready for sale.

Bonds Payable

A financial accounting term for the value of bonds that a company is obligated to pay back at some future point.

Preferred Stock

A class of stock with preferential rights over common stock.

Current Ratio

A financial metric that assesses a firm's capacity to meet its short-term liabilities, which are due within a year, by dividing its current assets by its current liabilities.