A businessman is increasing his price for processed food, claiming
that the cost of labor and material is going up and accounts for
75% of his budget. In a random sample of 10 of the processed
food, it is found out that in 6 of the processed food, the cost of the
material is higher. At the 5% level of significance, test the
contractor/engineer's claim. Based on the test, what can you
conclude?
Select one:
O a. Reject the null hypothesis
O b. Accept the null hypothesis