Entertainment Software Association Would Like to Test If the Standard

question 16

Multiple Choice

Entertainment Software Association would like to test if the standard deviation for the age of "gamers" (those that routinely play video games) is equal to 6.0 years. The correct hypothesis statement would be .

• A)H₀: µ = 6.0; H₁: µ × 6.0
• B)H₀: a² c 6.0; H₁: a² > 6.0
• C)H₀: a² = 36.0; H₁: a² × 36.0
• D)H₀: a = 6.0; H₁: a × 6.0

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Definitions:

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in a stable market situation.

Blu-ray Players

Electronic devices designed to play Blu-ray discs, which are capable of storing high-definition video and data.

Demand

The desire to own something and the ability to pay for it at a specific price.

Supply

The total amount of a product or service that is available for purchase at any given price level in a market.