I Two Examples of a Hypothesis Are: 1) Mean Monthly

question 10

Multiple Choice

i. Two examples of a hypothesis are: 1) mean monthly income from all sources for senior citizens is $841 and 2) twenty percent of juvenile offenders ultimately are caught and sentenced to prison.
ii. Hypothesis testing is a procedure based on sample evidence and probability theory to decide whether the hypothesis is a reasonable statement.
Iii) We call a statement about the value of a population parameter a hypothesis.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (i) and, (ii) are correct statements but not (iii).
• E) All statements are false

---

Definitions:

Money Supply

The total fund of money available in an economy at a fixed point in time.

Interest Rate

The cost of borrowing money, expressed as a percentage of the amount borrowed, paid by the borrower to the lender for the use of their funds.

Aggregate Demand

The comprehensive demand for every type of good and service within an economy, identified at a given price level and time period.

Investment

is the allocation of resources, usually money, in expectation of earning a future return.