Examlex
Identify the null hypothesis, alternative hypothesis, test statistic, P-value, conclusion about the null hypothesis, and final conclusion that addresses the original claim.
-An article in a journal reports that 34% of American fathers take no responsibility for child care. A researcher claims that the figure is higher for fathers in the town of Littleton. A random sample of 234 fathers from Littleton yielded 96 who did not help with child care. Test the researcher's claim at the 0.05 significance level.
80/20 Rule
A principle suggesting that 80% of effects come from 20% of causes, often used in business and economics to focus efforts on the most productive inputs.
Firm's Sales
The total revenue generated from goods or services sold by a company within a specific period.
Firm's Customers
Individuals or organizations that purchase and use the products or services offered by a business.
Usage Rate
The frequency at which a product is used by the consumer.
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