Ethan Once Heard That Wearing Colorful Socks Helped Release Your

question 119

Multiple Choice

Ethan once heard that wearing colorful socks helped release your positive energy toward others.Being the scientist that he is, he decided to put the claim to the test by running a well-designed study.He had 18 people wear colorful socks and another 18 people wear white socks.After carefully designing, collecting, and analyzing his data, he found no differences between the groups that he studied.Which of these represents failing to reject the null hypothesis, something he should NOT do?

• A) Fail to reject the null hypothesis and conclude that colorful socks do not help release your positive energy toward others.
• B) Fail to reject the null hypothesis and conclude that the effect of colorful socks is not measureable.
• C) Fail to reject the null hypothesis and conclude that, based on this study, he did not observe an effect for colorful socks.
• D) Reject the null hypothesis and conclude that colorful socks may benefit positive energy.

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Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

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Base Year Amount

A reference value of an economic indicator or financial metric used for comparison over time, typically set in a specific starting year.

Horizontal Analysis

A financial analysis technique that compares historical financial information over a series of reporting periods, to observe trends and changes over time.