The price earnings ratios (P/E) is an important tool for stock performance evaluation. U.S bankers

want to know whether the mean P/E ratio in their selected stocks is above the population mean

P/E ratio 19.5. How to form an upper-tail test hypothesis?

A.

H₀: = 19.5

H₁: 19.5

B.

H₀: 19.5

H₁: < 19.5

C.

H₀: 19.5

H₁: > 19.5

D.

H₀: 19.5

H₁: = 19.5