What are the competing hypotheses


Problem

According to the United States Census Bureau, the average sirrltgde-familyr home constructed in EMS was 2,433 square feet. Realtor 'Iara Clinton wondered if families in her area still want a smaller home in comparison to the average. She randomly,Ir selected 45 people and asked what the ideal square footage of a home is for them. From the responses, she calculated the sample mean equals 1,550 square feet with a sample standard deviation of 54 square feet. What are the competing hypotheses? Calculate the value of the test statistic.

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Business Management: What are the competing hypotheses
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