State Conclusions to Hypothesis Tests
-The Mean Number of Rushing $\mu < 95$

question 152

Multiple Choice

State Conclusions to Hypothesis Tests
-The mean number of rushing yards for one NFL team was less than 95 yards per game. If a hypothesis test is performed, how should you interpret a decision that fails to reject the null hypothesis?

• A) There is not sufficient evidence to support the claim \(\mu < 95\).
• B) There is sufficient evidence to reject the claim \(\mu < 95\).
• C) There is not sufficient evidence to reject the claim \(\mu < 95\).
• D) There is sufficient evidence to support the claim \(\mu < 95\).

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Definitions:

Credit Sales

Sales made by a business where payment is delayed as agreed by both the seller and the buyer.

Spontaneous Financing

Financing that occurs automatically as a firm's operating activities increase, such as trade credit.

Trade Payables

Amounts owed by a company to its suppliers or vendors for goods and services received but not yet paid for.

Revolving Credit Agreement

A credit arrangement that allows a borrower to withdraw, repay, and re-borrow funds up to a specified limit over a set period.