A Hypothesis Test Is to Be Performed $6.3 \%$ Prior to the Tax Cuts

question 35

Multiple Choice

A hypothesis test is to be performed. State the null and alternative hypotheses.
-The governor of a state claims that since his tax cuts have taken effect, the unemployment rate has dropped. The unemployment rate in the state had been $6.3 \%$ prior to the tax cuts.

• A) Null hypothesis: unemployment rate \(= 6.3 \%\)
• Alternative hypothesis: unemployment rate \(< 6.3 \%\)
• B) Null hypothesis: unemployment rate \(> 6.3 \%\)
• Alternative hypothesis: unemployment rate \(< 6.3 \%\)
• C) Null hypothesis: unemployment rate \(= 6.3 \%\)
• Alternative hypothesis: unemployment rate \(\leq 6.3 \%\)
• D) Null hypothesis: unemployment rate \(< 6.3 \%\)
• Alternative hypothesis: unemployment rate \(= 6.3 \%\)

Understand the political, cultural, and social changes in the United States during the 1990s and early 21st century.

Recognize the role and impact of the Supreme Court in influencing US politics and society.

Analyze the influence of political spending and lobbying on elections and policy making.

Evaluate the significance of presidential elections and their outcomes on national and international policies.

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Definitions:

Personal-Selling Process

a direct marketing approach where salespersons use personal contact with potential buyers to understand their needs and offer solutions in the form of products or services.

Customer Satisfaction

A state that is achieved when companies meet the needs and expectations customers have for their goods or services.

Long-Term Sales

Sales strategies focused on achieving sustained revenue growth over an extended period rather than immediate gains.

Needs

States of felt deprivation. Consumers feel that deprivation when they lack something useful or desirable like food, clothing, shelter, transportation, or safety.