CFA Practice Question

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CFA Practice Question

In an effort to attract the local fishermen to their markets, two competing fish markets in opposite ends of New Bedford, Massachusetts, advertised that they had greater sales volume. Which of the following null hypotheses would show that there is no difference in sales volume between the two fish markets?

A. H0: (μ1 - μ2) = 0
B. H0: (μ1 - μ2) ≠ 0
C. H0: μ1 < μ2
Correct Answer: A

User Contributed Comments 2

User Comment
Teeto If I state H0 as in A and do not reject it all I can say that there is no evidence that there is a difference.
But I cannot say there is no difference.
22Milito22 Teeto, I agree with you. In my opinion the right answer should be B.
Could someone please clarify?
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