(A) Specify a Hypothesis Test to Test the Foundation's Claim

question 86

Essay

(A) Specify a hypothesis test to test the foundation's claim
(B) Compared to the most recent survey, is this sample evidence statistically significant at the 10% level?
(C) Compared to the most recent survey, is this sample evidence statistically significant at the 5% level?
(D) Report and interpret the p-value for this test
(E) Interpret the overall test for the foundation.

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Definitions:

Unreasonably Restrain

To limit someone's freedom to act or move in a manner that is excessive or beyond what is considered reasonable.

Sherman Act

An antitrust law in the United States passed in 1890 to prevent anticompetitive practices, monopolies, and to promote fair competition for the benefit of consumers.

Per Se Illegal

Activities or agreements that are automatically considered illegal, without needing further proof of their harm or intent.

Robinson-Patman Act

A United States federal law aimed at prohibiting anticompetitive practices by producers, specifically price discrimination.