The Decision to Reject the Null Hypothesis in a Statistical

question 31

Multiple Choice

The decision to reject the null hypothesis in a statistical test is made when ______.

• A) the researcher cannot conclude that the null is true
• B) p < alpha
• C) p > alpha
• D) the researcher initially sets the alpha level

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Definitions:

Price

The monetary figure anticipated, obligated, or dispensed in transaction for a service or good.

Quantity

The amount or number of a material or immaterial good or service.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved in a market.

Price

The cash amount projected, called for, or allocated in settlement for a product.