One sample t test

Let’s say I have 2 hypothesis.

Alternate hypothesis: I will save more than 100,000 by utilizing other cost cutting measures other than layoffs.

Null Hypothesis: The company will save 100,00 by the layoff of employess across the company and it’s a far less risking process.

Question:

Can I denote my hypothesis numerically by saying:??? see below and tell me if correct . If not correct please show the correct way to denote these hypothesis in a numerical way.

Ha: μ > 100,000.00
Ho: &#956; < 100,000.00

Hypothesis test
Let’s say I have 2 hypothesis.

Alternate hypothesis: I will save more than 100,000 by utilizing other cost cutting measures other than layoffs.

Null …

The solution provides step by step method for the calculation of t statistic. Formula for the calculation and Interpretations of the results are also included.