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A research firm conducts a study to establish the minimum purchasing power required for the medium and large retail stores as Rs. 150 million and Rs. 300 million, respectively. Identify the INCORRECT statement.
Select one:
a. The null hypothesis is - total purchasing power is less than Rs. 150 millionb. One of the alternative hypotheses is - total purchasing power is between Rs. 150 million and Rs. 300 millionc. The null hypothesis is - total purchasing power is more than Rs. 300 milliond. One of the alternative hypotheses is - total purchasing power is more than Rs. 300 million
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