A fence for a rectangular garden with one side against an existing wall is constructed by using 60 feet of fencing. What is the maximum area that can be enclosed

a) H0:μ=55,000 H1:μ>55,000

b) Yes, since we can can reject the null hypothesis

Step-by-step explanation:

a) The null hypothesis (H0) tries to show that no significant variation exists between variables or that a single variable is no different than its mean. While an alternative Hypothesis (Ha) attempt to prove that a new theory is true rather than the old one. That a variable is significantly different from the mean.

For this case;

Null hypothesis is that the starting salary will be equal to $55,000/year.

H0:μ=55,000

Alternative hypothesis is that the starting salary will be greater than $55,000/year.

H1:μ>55,000

b) Decision Rule;

P-value > significance level --- accept Null hypothesis

P-value < significance level --- reject Null hypothesis

For this case;

P-value = 0.0392

α = 0.05

Since P-value < 0.05, we can reject null hypothesis.

Therefore, we can accept alternative hypothesis which is the starting salary will be greater than $55,000/year, so the student should pursue an actuary career because the starting salary will be greater than $55,000/year.

- Yes, since we can can reject the null hypothesis