State Conclusions to Hypothesis Tests
-The Dean of a Major $5.5$

question 156

Multiple Choice

State Conclusions to Hypothesis Tests
-The dean of a major university claims that the mean number of hours students study at her University (per day ) is at most $5.5$ hours. If a hypothesis test is performed, how should you interpret a decision that rejects the null hypothesis?

• A) There is sufficient evidence to reject the claim \(\mu \leq 5.5\).
• B) There is not sufficient evidence to reject the claim \(\mu \leq 5.5\).
• C) There is sufficient evidence to support the claim \(\mu \leq 5.5\).
• D) There is not sufficient evidence to support the claim \(\mu \leq 5.5\).

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Definitions:

Inside Trades

Transactions in a company's securities made by its officers, directors, or holders of more than 10% of the stock, typically subjected to strict regulatory scrutiny.

Public

Pertaining to or involving the affairs of the community as a whole, often relating to government or public companies accessible to all people.

Semistrong-Form Efficient

A market hypothesis stating that share prices incorporate all publicly available information, making it impossible to consistently achieve higher returns.

Weak-Form Efficient

A market hypothesis suggesting that all past prices of stock are reflected in the current price, hence historical data cannot be used to predict future prices.