If the Null Hypothesis Is Rejected in Hypothesis Testing

question 36

Multiple Choice

If the null hypothesis is rejected in hypothesis testing,

• A) no conclusions can be drawn from the test.
• B) the alternative hypothesis is true.
• C) the data must have been accumulated incorrectly.
• D) the sample size has been too small.

Differentiate between elastic, inelastic, and unitary supply and demand.

Analyze the impact of time on elasticity for both supply and demand.

Recognize the relationship between price changes and total revenue in the context of elasticity.

Understand the factors affecting the elasticity of supply.

---

Definitions:

Emotional Intelligence

A capacity for recognizing our own feelings and those of others, motivating ourselves, and managing emotions well in ourselves and in our relationships.

Disruptive Impulses

Behaviors or thoughts that interrupt traditional processes or established norms, potentially leading to innovation or change.

Empathize

means to understand and share the feelings of another person, crucial for building rapport and effective communication in personal and professional settings.

Unilateral

Pertaining to actions, decisions, or agreements made by one party without the consent, consultation, or agreement of others involved.