If the Alternative Hypothesis Is That Proportion of Items in Population

question 15

Multiple Choice

If the alternative hypothesis is that proportion of items in population 1 is larger than the proportion of items in population 2, then the null hypothesis should be _____.

• A) p₁ - p₂ < 0
• B) p1 - p₂ = 0
• C) p1 - p₂ > 0
• D) p1 - p₂ ≤ 0

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Definitions:

Bottleneck Operations

Stages in the production process that limit the overall output because they have a lower capacity compared to other stages.

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, indicating how much contributes to covering fixed costs and generating profit.

Constrained Resources

Resources that limit the company's ability to produce goods or services, often resulting in bottlenecks in the production process.

Opportunity Cost

The benefit, profit, or value of something that must be given up to acquire or achieve something else.