Assume That in a Hypothesis Test with Null Hypothesis $\mathrm { H } _ { 0 } : \mu = 14.0 \text { at } \alpha = 0.10$

question 22

Multiple Choice

Assume that in a hypothesis test with null hypothesis $\mathrm { H } _ { 0 } : \mu = 14.0 \text { at } \alpha = 0.10$ , that a value of 11.0 for the sample mean results in the null hypothesis being accepted. That corresponds to a confidence interval
Result of

• A) The 0.10% confidence interval for the mean contains the value 11.0
• B) The 90% confidence interval for the mean contains the value 14.0
• C) The 90% confidence interval for the mean does not contain the value 14.0
• D)There is insufficient information as to if the 90% confidence interval for the mean does or does not contain the value 11.0

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Definitions:

Herfindahl Index

A measure of market concentration that squares and then sums the market share percentages of all firms within the industry.

Market Shares

The proportion of a market controlled by a particular company, product, or service in relation to total sales in the market.

Herfindahl Index

A measure of market concentration that sums the squares of the market shares of all firms in the industry.

Market Shares

The portion of a market controlled by a particular company or product, often expressed as a percentage.