The Academic Planner of a University Thinks That at Least

question 93

Multiple Choice

The academic planner of a university thinks that at least 35% of the entire student body attends summer school. The correct set of hypotheses to test his belief is

• A)H₀: P > 0.35 H_a: P 0.35
• B)H₀: P 0.35 H_a: P > 0.35
• C)H₀: P 0.35 H_a: P < 0.35
• D)H₀: P > 0.35 H_a: P 0.35

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Definitions:

Cyclical Industries

Industries in which sales tend to magnify cyclical changes in gross domestic product and national income.

Business Earnings

The profit made by a business over a period of time, indicating its financial performance and profitability.

Secondary Supply

The provision of goods or services from secondary markets or sources, distinct from primary or direct sources.

Elastic

Describes a situation in which the quantity demanded or supplied of a good is highly responsive to changes in price.