### Hypothesis Testing ExerciseAssume that a hypothesis test of the following claim will be conducted. A book company claims that the retail price for history books has increased since 2005 when the mean retail price of history books was $78.01.a. **State the hypotheses in words.** - Null Hypothesis: The mean retail price of history books has not increased since 2005. - Alternative Hypothesis: The mean retail price of history books has increased since 2005.b. **State the hypotheses mathematically.** - Null Hypothesis ($H_0$): $\mu = 78.01$ - Alternative Hypothesis ($H_a$): $\mu > 78.01$c. **Identify the test as being one-tailed or two-tailed.** - This is a one-tailed test because we are only interested in finding out if the mean price has increased.d. **Assuming that the test is conducted and that the conclusion is to reject the null hypothesis, state the conclusion in non-technical terms.** - Conclusion: There is sufficient evidence to support the claim that the retail price of history books has increased since 2005.e. **Assuming that the conclusion is failure to reject the null hypothesis, state the conclusion in non-technical terms.** - Conclusion: There is not enough evidence to support the claim that the retail price of history books has increased since 2005.

Population mean=78.01NOTE: according to bartleby guidelines expert can solve maximum three subparts…

Answered: Assume that a hypothesis test of the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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