The Lower Price of Generics Is Made Possible by Lower-Cost

question 53

True/False

The lower price of generics is made possible by lower-cost labeling and packaging and minimal advertising, and sometimes lower-quality ingredients.

---

Definitions:

Test Statistic

A standardized value derived from sample data during a hypothesis test which is used to determine whether to reject the null hypothesis.

Lower Tailed Test

A statistical test used to determine if a dataset's lower end values significantly differ from the hypothesized value.

Test Statistic

A standardized value calculated from sample data during a hypothesis test that is used to make a decision about the null hypothesis.

P-value

The probability of obtaining test results at least as extreme as the ones observed during the test, assuming the null hypothesis is true.