Formulate the Indicated Conclusion in Nontechnical Terms

question 104

Multiple Choice

Formulate the indicated conclusion in nontechnical terms. Be sure to address the original claim. Carter Motor Company claims that its new sedan, the Libra, will average better than 32 miles per gallon in the city. Assuming
That a hypothesis test of the claim has been conducted and that the conclusion is to reject the null hypothesis,
State the conclusion in nontechnical terms.

• A) There is not sufficient evidence to support the claim that the mean is less than 32 miles per gallon.
• B) There is not sufficient evidence to support the claim that the mean is greater than 32 miles per gallon.
• C) There is sufficient evidence to support the claim that the mean is less than 32 miles per gallon.
• D) There is sufficient evidence to support the claim that the mean is greater than 32 miles per gallon.

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Definitions:

Ordinary

Pertaining to regular or usual conditions, occurrences, or business activities that are not exceptional.

Section 1221

A section of the U.S. Internal Revenue Code that defines all real and personal property subject to depreciation as assets, excluding inventory.

Trade or Business

Regular, continuous, and substantial activities engaged in by an entity to generate income or profit.

FMV

Fair Market Value; the price an asset would sell for on the open market under current conditions.