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Table 7-2
the Costs of Five Possible Sellers -Refer to Table 7-2

question 161

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Table 7-2
The costs of five possible sellers
 Seller  Cast($)   Kyle 18 Nathen 15 Chelsea 10 Hillary 7.50 Landon 5\begin{array} { | c | c | } \hline \text { Seller } & \text { Cast(\$) } \\\hline \text { Kyle } & 18 \\\hline \text { Nathen } & 15 \\\hline \text { Chelsea } & 10 \\\hline \text { Hillary } & 7.50 \\\hline \text { Landon } & 5 \\\hline\end{array}
-Refer to Table 7-2.If the price is $11 who will be willing to supply the product?


Definitions:

Null Hypothesis

A statement in statistics that proposes there is no significant difference or effect, serving as the default assumption to be tested against experimental data.

Significance Level

The probability of rejecting the null hypothesis when it is true, used as a criterion for deciding whether an observed effect is statistically significant.

Contract Vote

A term that may involve decision-making or voting processes related to agreements or contracts, but is not a recognized key term in a specific academic or technical context.

Yes Votes

The count of affirmative responses or approvals in a voting scenario.

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