ECON1203 project help (1 Viewer)

[sc10]

One of the key performance indicators is that "the average customer spends more than $255 per day in excess of accommodation costs"
I am just wondering what is the null hypothesis in this case, is it H0: U=255 or H0: U≥255 or Ho: U>255

Any help would be much appreciated

 

[Kurby]

I think its just greater than? In the real world, it really doesn't matter if you include the 255 but I guess its an assignment... lol.

 

[Riachain]

Null hypotheses are always with an "=" sign, so it'd be H0: U=255. (That's what we learned, anyway. Doing the assignment at the moment. Going pretty darn decent!)