If the Null Hypothesis Is Not Rejected with a

question 60

Multiple Choice

If the null hypothesis is not rejected with a .05 significance level, then we know that.

• A)there is a statistically significant difference
• B)the alpha level is greater than .05
• C)a non-directional test was used
• D)the observed value of the test statistic did not fall into the rejection region

---

Definitions:

Opportunity Cost

The cost of the next best alternative foregone when making a decision.

Specialization

A focus on a narrow area of knowledge or skill, leading to greater efficiency and expertise in that area.

Farmer

An individual who engages in the act of agriculture, raising living organisms for food or raw materials.

Rancher

An individual responsible for the ownership or operation of a ranch, which is a property dedicated to breeding and raising animals like cattle or sheep, primarily for producing meat or wool.