Even If a Treatment Has an Effect It Is Still

question 53

Multiple Choice

Even if a treatment has an effect it is still possible to obtain a sample mean that is very similar to the original population mean.What outcome is likely if this happens?

• A)reject H₀ and make a Type I error
• B)correctly reject H₀
• C)fail to reject H₀ and make a Type II error
• D)correctly fail to reject H₀

---

Definitions:

Fixed Selling Expenses

Costs associated with selling that do not change with sales volume, including salaries of sales staff and advertising expenses.

Gross Margin

The difference between sales revenue and the cost of goods sold, divided by revenue, expressed as a percentage.

Variable Cost

Expenses that fluctuate in direct proportion to changes in output or activity level, including costs like supplies and commission fees.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor used in production.