Formulate the Indicated Conclusion in Nontechnical Terms

question 85

Multiple Choice

Formulate the indicated conclusion in nontechnical terms. Be sure to address the original claim.
-Carter Motor Company claims that its new sedan, the Libra, will average better than 30 miles per gallon in the city. Assuming that a hypothesis test of the claim has been conducted and that the conclusion is to reject the null hypothesis, state the conclusion in nontechnical terms.

• A) There is not sufficient evidence to support the claim that the mean is greater than 30 miles per gallon.
• B) There is sufficient evidence to support the claim that the mean is less than 30 miles per gallon.
• C) There is not sufficient evidence to support the claim that the mean is less than 30 miles per gallon.
• D) There is sufficient evidence to support the claim that the mean is greater than 30 miles per gallon.

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Definitions:

Consequential Damages

Special damages that compensate for a loss that is not direct or immediate (for example, lost profits). The special damages must have been reasonably foreseeable at the time the breach or injury occurred in order for the plaintiff to collect them.

Liability

A legal responsibility or obligation, particularly in the context of debts or torts.

Liquidated Damages Provision

A contractual clause that specifies a predetermined amount of money that must be paid as damages in the event of a contract breach by one of the parties.

Future Default

The possibility or likelihood of failing to make future payments on debt obligations.