SCENARIO 13-8 -Referring to Scenario 13-8, What Are the Decision and Conclusion

question 18

Multiple Choice

SCENARIO 13-8
-Referring to Scenario 13-8, what are the decision and conclusion on testing whether there is any
Linear relationship at 1% level of significance between GPA and ACT scores?

• A) Do not reject the null hypothesis; hence there is insufficient evidence to show that ACT scores and GPA are linearly related.
• B) Reject the null hypothesis; hence there is insufficient evidence to show that ACT scores and GPA are linearly related.
• C) Do not reject the null hypothesis; hence there is sufficient evidence to show that ACT scores and GPA are linearly related.
• D) Reject the null hypothesis; hence there is sufficient evidence to show that ACT scores and GPA are linearly related.

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Definitions:

Efficiency Wage

A theory suggesting that higher wages can increase worker productivity and efficiency, leading to better performance and lower turnover.

Frictional Unemployment

The short-term unemployment that arises from people moving between jobs, careers, or locations.

Technological Improvement

Enhancements in technology that increase the efficiency of production or the quality of goods and services.

Labor Union

An organization formed by workers to protect their rights and interests, often negotiating wages, work hours, and working conditions with employers.