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According to the National Retail Federation, the average shopper will spend $1,007.24 during the holiday shopping season. What is the null and alternate hypothesis

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Parrain

Based on the amount predicted to be spent, the hypotheses will be:

  • Null Hypothesis = $1,007.24
  • Alternate Hypothesis ≠ $1,007.24

The Null Hypothesis is the one that confirms the prediction so in this case it will be that the average shopper will indeed spend $1,007.24.

The Alternate Hypothesis theorizes that the event being predicted will not happen so in this case that would mean that the shopper would not spend $1,007.24.

In conclusion, the null hypothesis confirms and the alternate denies.

Find out more on the null hypothesis at https://brainly.com/question/15980493.

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