In the Context of the Internet Usage Example,suppose We Wanted

question 104

Multiple Choice

In the context of the Internet usage example,suppose we wanted to test whether the probability of observing a K value of .222,as determined by the normalized z statistic,is 0.103.Because this is more than the significance level of 0.05,the null hypothesis cannot be rejected.What do the results mean?

• A)The distribution of the Internet usage does deviate significantly from the normal distribution.
• B)The distribution of the Internet usage does not deviate significantly from the normal distribution.
• C)The proportion of users for males and for females is not significantly different for the two samples.
• D)The proportion of users for males and for females is significantly different for the two samples.

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Definitions:

Marginal Cost

The extra cost incurred when one more unit of a product or service is produced.

Profit

The financial gain made in a transaction, calculated as the difference between the revenue earned and the costs incurred.

Drug Patent

Legal protection granted to the inventor of a new pharmaceutical, allowing exclusive rights to manufacture and sell the drug for a certain period.

Marginal Revenue

The additional revenue that a producer receives from selling one more unit of a good or service.