Use the Data Given Below to Answer the Following Questions)

question 1

Multiple Choice

Use the data given below to answer the following questions) .
In a lower one-tailed hypothesis test, chosen level of significance = 0.10, sample size = 55, and t- test statistic = -1.76.
-What is the observed level of significance?

• A) 0.4605
• B) 0.4191
• C) 0.0379
• D) 0.0420

---

Definitions:

Public Purpose

Justification for government action or policy that is intended to benefit the public at large or improve public welfare.

Earnest Money

A deposit made to a seller representing a buyer's good faith to enter and proceed with a transaction, typically in real estate deals.

Purchase Price

The amount of money paid or agreed to be paid by the buyer to the seller for the acquisition of a good, service, or property.

Cooperative

An organization owned and operated by a group of individuals for their mutual benefit.