Economists have stated that the marginal propensity to consume is at least 90¢ out of every...

Question

Question

Economists have stated that the marginal propensity to consume is at least 90¢ out of every dollar. State the null and the alternative hypotheses.

Answer 1

Answer #1

Solution :

This is the left tailed test .

The null and alternative hypothesis is

H0 : p 0.90

Ha : p < 0.90

Answer 2

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