A) $480. B) $2,400

question 47

Multiple Choice

• A) $480.
• B) $2,400.
• C) $240.
• D) $288.
• E) None of the choices are correct.

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Definitions:

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists among the variables being studied.

Test Statistic

A numerical quantity calculated from a set of data, used in statistical testing to determine the significance of observed differences.

Distribution

Describes the way values of a variable or set of data are spread or dispersed.

P-Value

The probability of obtaining an observed sample result, or more extreme, assuming the null hypothesis is true.