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There is a rule of thumb regarding Null Hypothesis formulation. The Null Hypothesis *always* contains the '=' (equals) sign as or as part of its
There is a rule of thumb regarding Null Hypothesis formulation.
The Null Hypothesis *always* contains the '=' (equals) sign as or as part of its relational operator.
For example:If it is hypothesized that the average Modern CEOs make more than $200,000 per year in salary; The Null Hypothesis becomes Ho: $200,000 once the Alternative Hypothesis is established that Ha: > $200,000.
What is the consequence of rejecting the null hypothesis in this case, and of not rejecting the null hypothesis in terms of the average CEOs' Salary?
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