How Many Tissues Should the Kimberly Clark Corporation Package of Kleenex

question 113

Multiple Choice

How many tissues should the Kimberly Clark Corporation package of Kleenex contain?Researchers determined that 60 tissues is the mean number of tissues used during a cold.Suppose a random sample of 100 Kleenex users yielded the following data on the number of tissues used during a cold: $\bar { X } = 52$ , S = 22.Suppose the test statistic does fall in the rejection region at $\alpha$ = 0.05.Which of the following conclusion is correct?

• A) At \(\alpha\)=0.05, there is not sufficient evidence to conclude that the mean number of tissues used during a cold is 60 tissues.
• B) At \(\alpha\)=0.05, there is sufficient evidence to conclude that the mean number of tissues used during a cold is 60 tissues.
• C) At \(\alpha\)=0.05, there is insufficient evidence to conclude that the mean number of tissues used during a cold is not 60 tissues.
• D) At \(\alpha\) =0.10, there is sufficient evidence to conclude that the mean number of tissues used during a cold is not 60 tissues.

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Definitions:

Tax

A compulsory financial charge or levy imposed by a government on individuals or entities to fund public expenditures.

Negative Externality

Occurs when a decision by an individual or firm results in unwanted negative effects on another party not involved in the decision.

MSC (Marginal Social Cost)

The total cost to society of producing an additional unit of a good or service, including both private costs and any externalities.

Positive Externality

A benefit received by individuals or society at large from an economic transaction in which they were not directly involved.