Solve the Problem Using Inductive Reasoning

question 94

Multiple Choice

Solve the problem using inductive reasoning.
-The following graph shows the average monthly cost for satellite television for each year from 2005 through 2012. Assuming the trend continues, use the graph to predict the average monthly Cost for satellite TV in 2013.

• A) $42
• B) $68
• C) $48
• D) $58

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Definitions:

Rejecting

In statistical hypothesis testing, the act of concluding that the null hypothesis is unlikely given the data, often signaled by a test statistic that falls outside a specified significance level.

Type II Error

The error that occurs when a false null hypothesis is not rejected.

False Null Hypothesis

Indicates a situation where the null hypothesis is incorrectly rejected when it is in fact true.

Failing

The condition or process of not meeting a desirable or intended objective, often used in the context of academic performance or machinery operation.