We want to test whether the mean retirement savings of families between the ages of 56 and 61 is $163,577. State the null and alternative hypothesis....

We want to test whether the mean retirement savings of families between the ages of 56 and 61 is $163,577. State the null and alternative hypothesis.

Question 8 options:

A) Ho: µ≥163,577 versus Ha: µ<163,577

B) Ho: μ ≤ 163,577 versus Ha: μ >163,577

C) Ho: μ = 163,577 versus Ha: μ ≠ 163,577