hypothesis testing

Suppose that BC financial aid allots a textbook stipend by claiming that the average textbook at EEC bookstore costs $ 61 .96. You want to test this claim. The null and alternative hypothesis in symbols would be: 0 Hwy. 2 61.96 H141. 36 61.96 0 H0: 11. 13 61.96 H141. a: 51.55 C' Hm}:- : 61.96 H1 :33 325 61.96 C' Hmp E 61.96 111:}: :> 51.55 C! Hmp E 61.96 H1 : p e 51.55 0 H041. E 61.96 H141. 2} 51.55 The null hypothesis in words would be: CI The average of price of all textbooks from the store is less than $ 61 .96. CI The average price of textbooks in a sample is $ 61.96 C' The average of price of all textbooks from the store is greater than $ 61.96. C! The average price of all textbooks from the store is $ 61 .96 C! The proportion ofall textbooks from the store that are less than 61 .96 is equal to 56% The population 5tandard deviation is known to be13.4 and based on a sample of 'I 613 textbooks at the store, you find an average of 6136. The point estimate i5: decimala] Based on this. we: '3' Reject the null hypothesis '3' Fail to reject the null hypotheaia