Formulate the Null and Alternative Hypotheses for a Hypothesis Test $\mathrm { H } _ { 0 } : \mathrm { p } > 0.0005$

question 29

Multiple Choice

Formulate the null and alternative hypotheses for a hypothesis test.

-An entomologist writes an article in a scientific journal which claims that less than 5 in ten thousand male fireflies are unable to produce light due to a genetic mutation.

• A) \(\mathrm { H } _ { 0 } : \mathrm { p } > 0.0005\)
• \(\mathrm { H } _ { \mathrm { a } } : \mathrm { p } = 0.0005\)
• B) \(\mathrm { H } _ { 0 } : \mathrm { p } < 0.0005\)
• \(\mathrm { H } _ { \mathrm { a } } : \mathrm { p } = 0.0005\)
• C) \(\mathrm { H } _ { 0 } : \mathrm { p } = 0.0005\)
• \(\mathrm { H } _ { \mathrm { a } } : \mathrm { p } < 0.0005\)
• D) \(\mathrm { H } _ { 0 } : \mathrm { p } = 0.0005\)
• \(\mathrm { H } _ { \mathrm { a } } : \mathrm { p } > 0.0005\)

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Definitions:

Current Assets

Short-term assets that a company owns, which are expected to be converted into cash within one year, such as inventory, cash, and accounts receivable.

Average Collection Period

A financial metric that measures the average number of days it takes a company to collect payments from its credit sales.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming fiscal year, such as machinery, buildings, and land.

Full Capacity

The maximum level of output that a company can sustain over a long period without increasing its resources.