Multiple Choice
A financial analyst working for a financial consulting company wishes to find evidence that the average price-to-earnings ratio in the consumer industry is higher than the average price-to-earnings ratio in the banking industry. The alternative hypothesis is
A) μconsumer = μbanking.
B) μconsumer ≤ μbanking.
C) μconsumer > μbanking.
D) μconsumer < μbanking.
E) μconsumer ≠ μbanking.
Correct Answer:
Verified
Correct Answer:
Verified
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