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State Conclusions to Hypothesis Tests
-A Candidate for State Representative p0.5\mathrm { p } \geq 0.5

question 1

Multiple Choice

State Conclusions to Hypothesis Tests
-A candidate for state representative of a certain state claims to be favored by at least half of the voters. If a hypothesis test is performed, how should you interpret a decision that rejects the null hypothesis?


Definitions:

Tax Exemptions

Deductions from taxable income or specific revenues not subject to taxation, often granted to encourage certain activities or investments.

Patent

Guarantee to an inventor exclusive rights to an invention for 17 years.

Economic System

The organized way a country allocates its resources and distributes goods and services to its citizens, including capitalism, socialism, and communism.

Major Industries

Key sectors of the economy which are significant in terms of their output, employment, or revenue generation.

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