A box model is used to conduct a hypothesis test for the following scenario: A marketing firm randomly selects 500 households in a town asking about their annual income. They want to test whether the percentage of households in town that have annual income above $100,000 is 50%. The SD of the ticket values in the box assuming the null hypothesis is true is best described as... a. Random and unknown; it must be estimated b. Fixed and unknown; it must be estimated c. Random and known d. Fixed and known

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Q: A box model is used to conduct a hypothesis test for the following scenario: A marketing  firm…

A: Given information: A marketing  firm randomly selects 300 households in a town asking about their…