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

question 10

Multiple Choice

Express the null hypothesis and the alternative 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) \(\begin{array} { l }
• H _ { 0 } : p < 5.8 \% \\
• H _ { 1 } : p \geq 5.8 \%
• \end{array}\)

---

Definitions:

Sales Value

The total revenue attained from goods or services sold, calculated by multiplying the selling price by the number of units sold.

Absorption Costing

A costing method where all manufacturing costs, both fixed and variable, are allocated to products, thus "absorbing" them into the cost of goods sold.

Markup

The supplementary amount factored into the base price of goods to address fixed costs and earnings, influencing their final selling point.

Selling Price

The price a consumer disburses to obtain a product or service from a merchant.