The charitable foundation for a large metropolitan hospital is conducting a study to characterize its donor base. In the past,


The charitable foundation for a large metropolitan hospital is conducting a study to characterize its donor base. In the past, most donations have come from relatively wealthy individuals; the average annual donor income in the most recent survey was right at $100,000. The foundation believes the average has now increased. A random sample of 200 current donors showed a mean annual income of $103,157 and a standard deviation of $27,498. To perform this study, we should form a null hypothesis stating that the average is


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