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:

Industry Size

The scale or magnitude of economic activity within a specific sector, measured by criteria such as number of firms, total employment, or total revenue.

Industry Supply Curve

A graphical representation showing the total quantity of a good that all producers in an industry are willing to supply at different prices.

Decline in Technology

A decline in technology refers to a period or situation where technological progression slows down, technologies become obsolete, or there is a decrease in the adoption of new technologies.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, resulting in a decreased cost per unit.