Step 1 :The company claims that the mean monthly residential electricity consumption is more than 880 kWh. Therefore, the null hypothesis should be the opposite of the claim, i.e., the mean monthly residential electricity consumption is less than or equal to 880 kWh. The alternative hypothesis should be the claim itself, i.e., the mean monthly residential electricity consumption is more than 880 kWh.
Step 2 :The correct null and alternative hypotheses are: \[H_{0}: \mu \leq 880\] \[H_{a}: \mu>880 \text { (claim) }\]
Step 3 :Final Answer: \[\boxed{H_{0}: \mu \leq 880, H_{a}: \mu>880 \text { (claim) }}\]