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Based on the average predictions of 40 economists, the U.S. gross domestic product (GDP) will expand by 1.9% this year. Suppose the sample standard deviation

image text in transcribedimage text in transcribed Based on the average predictions of 40 economists, the U.S. gross domestic product (GDP) will expand by 1.9% this year. Suppose the sample standard deviation of their predictions was 3%. At the 10% significance level, test if the mean forecast GDP of all economists is less than 3%. a. (2pts) Select the null and the alternative hypotheses. Hop 3: HA3 Ho-3: HA>3 Ho: -3: HA

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