You Have Created a 95% Confidence Interval for ? with the Result

question 62

Multiple Choice

You have created a 95% confidence interval for ? with the result 10 $\le$$\mu$ $\le$ 15 .What decision will you make if you test H₀ : ? $\neq$ 16 versus H₁ : ? $\neq$ 16 at ? = 0.05?

• A)^{Reject H}0 ^{in favor of H}1^.
• B)^{Do not reject H}0 ^{in favor of H}1^.
• C)^{Fail to reject H}0 ^{in favor of H}1^.
• D)We cannot tell what our decision will be from the information given.

---

Definitions:

Cancel Policy

refers to the conditions under which a policy, agreement, or contract can be terminated or voided by either party involved.

Refuse to Renew

The decision not to extend a contract, agreement, or policy beyond its current expiration date.

Insurance Proceeds

The money received from an insurance claim, paid out by the insurance company to the policyholder or beneficiary.

Fraud on the Creditor

An act of deceit intended to keep assets from being claimed by creditors.