A Meteorologist Stated That the Average Temperature During July in Chattanooga

question 64

Multiple Choice

A meteorologist stated that the average temperature during July in Chattanooga was 80 degrees. A sample of 32 Julys was taken. The correct set of hypotheses is

• A)H₀: \(\mu\) < 80 H_a: \(\mu\) \(\le\) 80
• B)H₀: \(\mu\) \(\le\) 80 H_a: \(\mu\) > 80
• C)H₀: \(\mu\) \(\neq\) 80 H_a: \(\mu\) = 80
• D)None of the other answers are correct.

---

Definitions:

Recession

A period of declining real GDP, accompanied by lower real income and higher unemployment.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices over a given period of time.

Income Elasticity

A measurement of how the demand for a good or service changes in response to changes in consumers' income levels.

Recession

A period of economic decline across an economy lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.