In Testing the Hypotheses H ₀: M = 800 Vs

question 147

Multiple Choice

In testing the hypotheses H ₀: m = 800 vs. H ₁: m ¹ 800, if the value of the test statistic equals 1.75, then the p -value is:

• A)0.0401
• B)0.0802
• C)0.4599
• D)0.9599

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Definitions:

Inadequacy of Consideration

A situation where the value exchanged in a contract is significantly disproportionate, raising questions about the fairness of the agreement.

Wholesale Price

The cost of goods sold in bulk to retailers or distributors, generally lower than retail price.

Seal

A device or symbol used to authenticate documents as genuine or to signify approval or ratification.

Consideration

A concept in contract law, referring to something of value exchanged between parties as part of an agreement.