Refer to Scenario 7

question 110

Multiple Choice

Refer to Scenario 7.5 below to answer the question(s) that follow.
SCENARIO 7.5: You own and are the only employee of a company that customizes bicycles.
Last year your total revenue was $60,000. Your costs for rent and supplies were $25,000.
To start this business you invested an amount of your own capital that could pay you a $45,000 a year return.
-Refer to Scenario 7.5. A yearly normal return for your company is

• A) $25,000.
• B) $35,000.
• C) $45,000.
• D) $70,000.

---

Definitions:

Null Hypothesis

A statement in statistics that there is no effect or no difference, serving as the starting point for hypothesis testing.

One-Tailed Hypothesis

A directional hypothesis that specifies an expected direction of the effect or relationship between variables.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together, showing the strength and direction of their relationship.

Significant Correlation

A relationship between variables that is strong enough to not be attributed to chance, according to statistical tests.