Express the Null Hypothesis and the Alternative Hypothesis in Symbolic $\begin{array}{l}\mathrm{H}_{0}: p \neq 0.62 \\\mathrm{H}_{1}: p=0.62\end{array}$

question 118

Multiple Choice

Express the null hypothesis and the alternative hypothesis in symbolic form. Use the correct symbol (µ, p, ?) for the indicated parameter.
-A researcher claims that 62% of voters favor gun control.

• A)
• \(\begin{array}{l}
• \mathrm{H}_{0}: p \neq 0.62 \\
• \mathrm{H}_{1}: p=0.62
• \end{array}\)
• B)
• \(\begin{array}{l}
• \mathrm{H}_{0}: \mathrm{p}=0.62 \\
• \mathrm{H}_{1}: \mathrm{p} \neq 0.62
• \end{array}\)
• C)
• \(\begin{array}{l}
• \mathrm{H}_{0}: \mathrm{p} \geq 0.62 \\
• \mathrm{H}_{1}: \mathrm{p}<0.62
• \end{array}\)
• D)
• \(\begin{array}{l}
• \mathrm{H}_{0}: \mathrm{p}<0.62 \\
• \mathrm{H}_{1}: \mathrm{p} \geq 0.62
• \end{array}\)

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Definitions:

Cash Inflows

Money received by a business from its operational, investing, and financing activities.

Discount Rate

The rate utilized in calculating the present value of anticipated future cash flows in discounted cash flow analysis.

Salvage Value

The estimated resale value of an asset at the end of its useful life, used in computing depreciation.

Discount Rate

In finance, this rate is used to calculate the present value of future cash flows; in a broader context, it can also refer to the interest rate charged by banks to their most creditworthy customers.