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A Pawn Shop Claims to Sell Used Kindles for About

Question 62

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A pawn shop claims to sell used Kindles for about the same price as Amazon or eBay. Both online retailers sell used Kindles for around $150. Below are recent Kindle sales prices for the pawn shop. A pawn shop claims to sell used Kindles for about the same price as Amazon or eBay. Both online retailers sell used Kindles for around $150. Below are recent Kindle sales prices for the pawn shop. Which of the following are the competing hypotheses to determine if the median sale price is greater than $150? A) H<sub>0</sub>: m ≤ 150; H<sub>A</sub>: m > 150 B) H<sub>0</sub>: m ≥ 150; H<sub>A</sub>: m < 150 C) H<sub>0</sub>: m ≠ 150; H<sub>A</sub>: m = 150 D) H<sub>0</sub>: m = 150; H<sub>A</sub>: m ≠ 150 Which of the following are the competing hypotheses to determine if the median sale price is greater than $150?


A) H0: m ≤ 150; HA: m > 150
B) H0: m ≥ 150; HA: m < 150
C) H0: m ≠ 150; HA: m = 150
D) H0: m = 150; HA: m ≠ 150

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