The Following Summarizes the Average of the TSE 300 Index

Multiple Choice

The following summarizes the average of the TSE 300 Index at the end of 20 randomly selected weeks in 2000. Using a 5% level of significance, can it be agreed that the Index average was more than $9,600 during the year 2000?

A) Fail to reject the null hypothesis and conclude the mean index was 9,600.
B) Reject the null hypothesis and conclude the mean index was lower than 9,600.
C) Reject the null hypothesis and conclude the mean index was greater than 9,600.
D) Reject the null hypothesis and conclude the mean index was different from 9,600.
E) None of these statements are true