The actuaries of the company claim that the standard deviation of the number of accidents per day is no longer equal to 0.04. Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim.
State the null hypothesis Ho and alternative hypothesis H1 that would use this test.© BrainMass Inc. brainmass.com June 3, 2020, 6:59 pm ad1c9bdddf
Here, the null hypothesis is basically restating what is already known - that the standard deviation if 0.04.
The goal of hypothesis testing is to see if there is a difference ...
This solution states the null and alternative hypotheses and explains how they were determined.