In Hypothesis Testing If the Null Hypothesis Is Rejected

question 34

Multiple Choice

In hypothesis testing if the null hypothesis is rejected,

• A)no conclusions can be drawn from the test
• B)the alternative hypothesis is true
• C)the data must have been accumulated incorrectly
• D)the sample size has been too small

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Definitions:

Price Discrimination

A strategy in pricing where the same or nearly identical products or services are offered at varying prices by the same vendor across various markets.

Sherman Antitrust Act

A landmark federal statute in the United States passed in 1890 that prohibits certain business activities that federal government regulators deem to be anti-competitive.

Standard Oil Trust

A historical example of a corporate monopoly in the United States, established by John D. Rockefeller to control oil production and prices.

Corporate Takeovers

The acquisition of one company, called the target company, by another, referred to as the acquiring company.