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please help. for the letter D the options are a. yes, since we reject HOb. yes, since we do not reject HOc. No, since we

please help. for the letter D the options are a. yes, since we reject HOb. yes, since we do not reject HOc. No, since we reject HOd. No, since we do not reject HO

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Based on the average predictions of 45 economists, the U.S. gross domestic product (GDP) will expand by 2.5% this year. Suppose the sample standard deviation of their predictions was 2%. At the 1% significance level, test if the mean forecast GDP of all economists is less than 3%. (You may find it useful to reference the t table.) a. Select the null and the alternative hypotheses. O HO: M = 3; HA: M # 3 O HO : M S 3 ; HA : M > 3 O HO: M 2 3; HA: M

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