Formulate the Indicated Conclusion in Nontechnical Terms

question 173

Multiple Choice

Formulate the indicated conclusion in nontechnical terms. Be sure to address the original claim. The owner of a football team claims that the average attendance at games is over 523, and he is therefore justified in moving the
Team to a city with a larger stadium. Assuming that a hypothesis test of the claim has been conducted and that
The conclusion is failure to reject the null hypothesis, state the conclusion in nontechnical terms.

• A) There is not sufficient evidence to support the claim that the mean attendance is greater than 523.
• B) There is sufficient evidence to support the claim that the mean attendance is greater than 523.
• C) There is not sufficient evidence to support the claim that the mean attendance is less than 523.
• D) There is sufficient evidence to support the claim that the mean attendance is less than 523.

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Definitions:

Budget Line

A visual depiction of every potential pairing of two items that can be bought within a certain budget at constant prices.

Increase In Income

A rise in the amount of money earned or received by an individual or within an economy over a specific period.

Horizontal Axis

In a graph or chart, the x-axis, which typically represents the independent variable or time period.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.