The Following Output from MINITAB Presents the Results of a Hypothesis

question 103

Multiple Choice

The following output from MINITAB presents the results of a hypothesis test. Test of mu $= 49 \mathrm { vs }$ . not $= 49$
The assumed standard deviation $10.4$
$\begin{array}{lcccrr}\mathrm{N} & \text { Mean } & \text { SE Mean } & 95 \% \mathrm{CI} & \mathrm{Z} & \mathrm{P} \\58 & 46.32 & 1.412088 & (43.5523077,49.0876923) & -1.962526 & 0.049701 \\\hline\end{array}$


Do you reject H₀ at the $\alpha = 0.01$ level?

• A) No
• B) Yes
• C) There is not enough information to draw a conclusion.

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Definitions:

Significant Influence

The capacity of an investor to participate in the financial and operating policy decisions of an investee, but not control them.

Transactions

Transactions refer to the exchange of goods, services, or funds between two or more parties, forming the basis of business activities and financial operations.

Investee

A company or entity in which an investor holds a significant interest, but not majority control.

Gross Profit

The financial metric obtained by deducting the cost of goods sold from revenue, indicating the efficiency of a company in managing its labor and supplies in the production process.