Which of the Following Would Be an Appropriate Null Hypothesis

question 68

Multiple Choice

Which of the following would be an appropriate null hypothesis?

• A)The mean of a population is equal to 55.
• B)The mean of a sample is equal to 55.
• C)The mean of a population is greater than 55.
• D)Only (a)and (c)are appropriate.

---

Definitions:

Expected Marginal Cost

The anticipated cost of producing one additional unit of a good or service, taking into account all relevant factors and future circumstances.

Expected Marginal Benefit

is the anticipated additional benefit or utility obtained from consuming one more unit of a good or service.

Rational Decision Maker

An individual or entity that makes decisions by systematically considering the available information, alternatives, and potential outcomes.

Economic Theory

A set of principles and methodologies that economists use to understand, explain, and make predictions about economic processes and behaviors.