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A machine is designed to fill toothpaste tubes, on an average, with 5.8 ounces of toothpaste. The manufacturer does not want any underfilling or overfilling. The correct hypotheses to be tested are
Demand Price
The price of a good or service dictated by the desire and ability of consumers to purchase it at certain price levels.
Import Quota
A government-imposed limit on the quantity or monetary value of certain goods that can be imported into the country over a specified period of time.
Quota
A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified period.
Fried Twinkie
A snack consisting of a Twinkie deep-fried, often served as a novelty food at fairs and carnivals.
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