The Next Questions Are Based on the Following Information

question 19

Multiple Choice

The Next Questions Are Based On The Following Information:
The U.S.Postal Service advertises that at least 63.4% of all third class mail is read by the recipients.An environmental group,concerned about waste production wants to test this assertion.They take a sample of 220 households and find that only 58.7% read their third class mail.
-What are the null and alternative hypotheses for the environmental group's test?

• A)H₀ : P = 0.634 and H₁ : P > 0.634
• B)H₀ : P = 0.634 and H₁ : P ≠ 0.634
• C)H₀ : P = 0.634 and H₁ : P < 0.634
• D)H₀ : P > 0.634 and H₁ : P ≤ 0.634

---

Definitions:

Exchange Rate

How much one currency is valued when converted into another currency.

Forward Rate

An agreed-upon price for a financial transaction that will occur at a future date, used in the context of foreign exchange and interest rates.

Exchange Rate

The rate at which two different currencies can be traded for each other, affecting global commerce and investment opportunities.

Eurocurrency

Money deposited in a financial centre outside the country whose currency is involved.