QUESTION 3 TUINT
Steve is a new sales manager who is trying to improve retention of his employees by making sure they are paid in line with
the industry standard. The average base salary for salespeople in Steve's industry is $44,000 per year. Steve randomly
selects 20 salespeople at his company and determines their base salaries.
Steve conducts a one-mean hypothesis at the 5% significance level, to test whether the mean salary is less than $44,000.
Which answer choice shows the correct null and alternative hypotheses for this test?
Select the correct answer below:
$H_0: \mu = \$20,000; H_a: \mu < \$20,000$, which is a left-tailed test.
$H_0: \mu = \$44,000; H_a: \mu < \$44,000$, which is a left-tailed test.
$H_0: \mu = \$20,000; H_a: \mu > \$20,000$, which is a right-tailed test.
$H_0: \mu = \$44,000; H_a: \mu > \$44,000$, which is a right-tailed test.
