A Candidate for Governor of a Certain State Claims to Be

question 114

Multiple Choice

A candidate for governor of a certain state claims to be favored by at least half of the voters. If a hypothesis test is performed, how should you interpret a decision that fails to reject the null hypothesis?

• A)There is not sufficient evidence to reject the claim ρ \(Q \geq 0.5\)
• B)There is sufficient evidence to reject the claim ρ \(Q \geq 0.5\)
• C)There is sufficient evidence to support the claim ρ \(Q \geq 0.5\)
• D)There is not sufficient evidence to support the claim ρ \(Q \geq 0.5\)

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Definitions:

Liquidity Problems

Liquidity problems occur when an individual or business lacks sufficient liquid assets (like cash) to meet its short-term financial obligations.