How Many Tissues Should the Kimberly Clark Corporation Package of Kleenex

question 37

Multiple Choice

How many tissues should the Kimberly Clark Corporation package of Kleenex contain? Researchers determined that 60 tissues is the mean number of tissues used during a cold. Suppose a random sample of 100 Kleenex users yielded the following data on the number of tissues used during a cold: X = 52, S = 22. Suppose the alternative you wanted to test was H₁: μ < 60. State the correct rejection region for α = 0.05.

• A) Reject H₀ if t > 1.6604.
• B) Reject H₀ if t < -1.6604.
• C) Reject H₀ if t > 1.9842 or Z < -1.9842.
• D) Reject H₀ if t < -1.9842.

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Definitions:

Excludability

The characteristic of a private good, for which the seller can keep nonbuyers from obtaining the good.

Private Good

A good, or service that is individually consumed and that can be profitably provided by privately owned firms because they can exclude nonpayers from receiving the benefits.

Quantity Demanded

The quantity of a product or service that buyers are prepared and financially able to buy at a certain price.

Efficiency Loss

The loss of economic efficiency that can occur when equilibrium for a good or service is not achieved, leading to potential welfare or opportunity costs.