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State the null and alternative hypotheses for the claimA report from five years ago said that the average income of accountants was $51,497; but nowadays it's more than that.

State the null and alternative hypotheses for the claimA report from five years ago said that the average income of accountants was 51497 but nowadays its more class=

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ANSWER and EXPLANATION

We want to state the null and alternative hypotheses for the claim given.

A null hypothesis is a statement about a population parameter such that the likelihood can be tested to either accept or reject the alternative hypothesis.

An alternative hypothesis on the other hand is a statement that directly contradicts the null hypothesis.

Therefore, going by that, we see that the null hypothesis is:

[tex]\mu=\$51,497[/tex]

and the alternative hypothesis is:

[tex]\mu>\$51,497[/tex]

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