Certainly! Here’s a refined version of your null and alternative hypotheses:
- **Null Hypothesis (H0)**: The median pay change percentage is equal to 5% or less (H0: Median pay change ≤ 5%).
- **Alternative Hypothesis (H1)**: The median pay change percentage is greater than 5% (H1: Median pay change > 5%).
This formatting clarifies that you're testing whether the median pay change is strictly greater than 5%, while the null hypothesis