In order to determine the average price of hotel rooms in Atlanta, a sample of 64 hotels was selected. It was determined that the average price of the rooms in the sample was $112 with a standard deviation of $16. Use a 0.05 level of significance and determine whether or not the average room price is significantly different from $108.50. Which form of the hypotheses should be used to test whether or not the average room price is significantly different from $108.50?
H0:
a. mu is greater than or equal to $108.50
b. mu is greater than $108.50
c. mu is less than $108.50mu is less than or equal to $108.50
d. mu is equal to $108.50mu is not equal to $108.50
Ha:
a. mu is greater than or equal to $108.50
b. mu is greater than $108.50mu is less than $108.50
c. mu is less than or equal to $108.50
d. mu is equal to $108.50mu is not equal to $108.50