Question 10 (1 point) Question 10 Unsaved Suppose the national average dollar am

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Question 10 (1 point) Question 10 Unsaved Suppose the national average dollar amount for an automobile insurance claim is $713.66. You work for an agency in Michigan and you are interested in whether or not the state average is less than the national average. Treating the national mean as the historical value, What are the appropriate hypotheses for this test? Question 10 options: 1) HO: > 713.66 HA: 713.66 2) HO: = 713.66 HA: 713.66 3) HO: < 713.66 HA: 713.66 4) HO: 713.66 HA: > 713.66 5) HO: 713.66 HA: < 713.66

Explanation / Answer

Here, the answer is option (2) because we know that the null hypothesis is a default statement which shows that there is no significant difference between the given phenomena. Therefore all the other options are incorrect except( 2).

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