Exercise 09.04 Algo (Developing Null and Alternative Hypotheses) Question 1 of 10 Hint(s) Check My Work Because of high production-changeover time and costs, a director of manufacturing must convince management that a proposed manufacturing method reduces costs before the new method can be implemented. The current production method operates with a mean cost of $205 per hour. A research study will measure the cost of the new method over a sample production period. a. Develop the null and alternative hypotheses most appropriate for this study. Ho: M - Select your answer - 205 Ha: p - Select your answer - v 205 b. Comment on the conclusion when Ho cannot be rejected. We - Select your answer - |conclude that the new method reduces costs. C. Comment on the conclusion when Ho can be rejected. Consider Implementing the new method based on the conclusion that it - Select your answer - the mean cost per hour. Hint(s) Check My Work O- Icon Key Everrica no nd Alon Mavalonine Null and Alternative Hennthecarl 9 2:23 AM