Multiple Choice
The average monthly rent for one-bedroom apartments in Chattanooga has been $700. Because of the downturn in the real estate market, it is believed that there has been a decrease in the average rental. The correct hypotheses to be tested are
A) H0: μ ≥ 700 Ha: μ < 700
B) H0: μ = 700 Ha: μ ≠ 700
C) H0: μ > 700 Ha: μ ≤700
D) H0: μ < 700 Ha: μ ≥ 700
Correct Answer:

Verified
Correct Answer:
Verified
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