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

question 32

Multiple Choice

Express the null hypothesis and the alternative hypothesis in symbolic form. Use the correct symbol $( \mu , \mathrm { p } , \sigma )$ for the
indicated parameter.
-A skeptical paranormal researcher claims that the proportion of Americans that have seen a UFO, p, is less than 2 in every one thousand.

• A)
• \(\begin{array}{l}
• \mathrm{H}_{0}: p>0.002 \\
• \mathrm{H}_{1}: p \leq 0.002
• \end{array}\)
• B)
• \(\begin{array}{l}
• \mathrm{H}_{0}: \mathrm{p}=0.002 \\
• \mathrm{H}_{1}: \mathrm{p}<0.002
• \end{array}\)
• C)
• \(\begin{array}{l}
• H_{0}: p=0.002 \\
• H_{1}: p>0.002
• \end{array}\)
• D)
• \(\begin{array}{l}
• \mathrm{H}_{0}: \mathrm{p}<0.002 \\
• \mathrm{H}_{1}: \mathrm{p} \geq 0.002
• \end{array}\)

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Definitions:

Real Rate of Interest

The rate of interest an investor expects to receive after allowing for inflation, distinguishing from the nominal rate of interest, which does not account for inflation.

Deflation

A decrease in the general price level of goods and services in an economy over a period.

CPI

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Base Year

A specific year against which economic growth, prices, or other economic indicators are measured and compared.