The average monthly rent for one-bedroom apartments in Chattanooga has been $700. Because of the downturn in the real estate market, it is believed that there has been a decrease in the average rental. The correct hypotheses to be tested are:
a. H0: m = 700 Ha: m < 700
b. H0: m = 700 Ha: m ¹ 700
c. H0: m > 700 Ha: m £700
d. H0: m < 700 Ha: m ³ 700
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