If the Result of a One-Sample T Test Is Reported

question 67

Multiple Choice

If the result of a one-sample t test is reported as p > .05, then you know that the.

• A)null hypothesis was rejected
• B)null hypothesis was not rejected
• C)alternative hypothesis was accepted
• D)probability of a Type II error was .05

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Definitions:

Monopoly

A firm that is the single seller in its market. Monopolies have market power because they produce a product or service without close substitutes, they have no rivals, and barriers to entry prevent other firms from entering the industry.

Twitter

A social media platform where users post and interact with messages known as tweets.

YouTube

A video-sharing platform that allows users to upload, view, share, and comment on videos.

Monopoly Profits

Profits that a company earns when it is the sole supplier of a product or service without any close substitutes, allowing it to control market prices.