Explain the Logic of Hypothesis Testing

question 106

Multiple Choice

Explain the Logic of Hypothesis Testing
-When the results of a hypothesis test are determined to be statistically significant, then we_____ the null hypothesis.

• A) reject
• B) fail to reject
• C) polarize
• D) compartmentalize

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Definitions:

Clayton Act

A U.S. antitrust law enacted in 1914 aimed at promoting fair competition and preventing monopolies.

Herfindahl Index

A measure of the size of firms in relation to the industry and an indicator of the amount of competition among them.

Horizontal Merger

A merger between firms that are in the same industry, often aimed at reducing competition and achieving economies of scale.

Herfindahl Index

An index calculating market concentration by summing the squares of the market shares of each firm within the industry.