The Average Monthly Rent for One-Bedroom Apartments in Chattanooga Has $\mu$

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: $\mu$ < 700 H_a: $\mu$ < 700
B) H₀: $\mu$ = 700 H_a: $\mu$ $\neq$ 700
C) H₀: $\mu$ > 700 H_a: $\mu$$\le$
D) H₀: $\mu$ < 700 H_a: $\mu$$\ge$ 700