If We Reject the Null Hypothesis, We Conclude That

question 116

Multiple Choice

If we reject the null hypothesis, we conclude that:

• A)there is enough statistical evidence to infer that the alternative hypothesis is true.
• B)there is not enough statistical evidence to infer that the alternative hypothesis is true.
• C)there is enough statistical evidence to infer that the null hypothesis is true.
• D)the test is statistically insignificant at whatever level of significance the test was conducted at.

---

Definitions:

Monopolist

An entity, individual, or company that is the sole supplier of a particular commodity or service in a market, often resulting in the power to control prices and market conditions.

Market Demand

The aggregate amount of a product or service that every customer in a market is prepared and able to buy at different price levels.

AU Optronics

A Taiwan-based company specializing in the manufacturing of TFT LCD panels used in various electronic devices.

Price Fixing

An agreement among competitors to set the price of a product or service, rather than allowing it to be determined through free market competition.