I Two Examples of a Hypothesis Are: 1) Mean Monthly

question 120

Multiple Choice

i. Two examples of a hypothesis are: 1) mean monthly income from all sources for senior citizens is
$841 and 2) twenty percent of juvenile offenders ultimately are caught and sentenced to prison.
ii. Hypothesis testing is a procedure based on sample evidence and probability theory to decide
Whether the hypothesis is a reasonable statement.
iii. The test statistic for a problem involving an unknown population standard deviation is the
Student's t distribution.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (i) and (ii) are correct statements but not (iii).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Future Sales Revenue

The anticipated income a company expects to receive from its future sales activities.

Customer Number

A unique identifier assigned to each customer for the purpose of tracking transactions and accounts in a business's record system.

Transaction

An agreement or exchange between two parties that results in the transfer of goods or services for monetary value.

Business

An organization or enterprise engaged in commercial, industrial, or professional activities, aiming to generate profits through providing goods or services.