The McFarland Insurance Company Claims Department reports the mean cost to process a claim is $60. An industry comparison showed this amount to be larger than most other insurance companies, so the company instituted cost-cutting measures. To evaluate the effect of the cost-cutting measures, the Supervisor of the Claims Department selected a random sample of 26 claims processed last month. He is interested to investigate: At the .01 significance level is it reasonable a claim is now less than $60? Denote μ to be the population mean of processing cost of a claim. How should he set up the null hypothesis (H0)? Group of answer choices