For Questions #20 Through 24 Relate Back to This Situation $\pi$

question 75

Multiple Choice

For questions #20 through 24 relate back to this situation:
A product manager is concerned with whether or not her product's share is equal to 25 percent of the market. A sample of 35 data points yields a sample proportion equal to 38 percent.
-What is the proper hypothesis specification,given the situation outlined above?

• A) H₀: \(\pi\) = 0.38; H₁: \(\pi\)\(\neq\)00.38
• B) H₀: \(\pi\) \(\geq\)0.38; H₁: \(\pi\)\(\lt\)0.38
• C) H₀: \(\pi\)\(\le\)0.25; H₁: \(\pi\)\(\gt\)100.25
• D) H₀: \(\pi\)=0.25; H₁: \(\pi\)\(\neq\)0.25
• E) More information is needed to determine the hypotheses.

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