If a Researcher Obtains a P-Value of

question 14

Multiple Choice

If a researcher obtains a p-value of .08, that result is typically considered ___________________ and the researcher should ____________ the research hypothesis.

• A) significant; reject
• B) significant; accept
• C) not significant; reject
• D) not significant; accept

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Definitions:

Demand Graph

A visual representation of the relationship between the price of a good or service and the quantity demanded by consumers.

Farm Product

Goods that are produced by farming activities, including crops, livestock, and products derived from them like milk or wool.

Inelastic Demand

Describes a market situation where the demand for a product does not significantly change in response to changes in its price.