Watching the News A researcher claims viewers spend an average of 40 minutes per day watching the news. You think the average is higher than that. In testing your hypotheses H 0: m = 40 vs. H 1: m > 40, the following information came from your random sample of viewers: 
= 42 minutes, n = 25. Assume s = 5.5, and a = 0.10. {Watching the News Narrative} Determine the p -value.
Definitions:
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, with higher elasticity indicating greater sensitivity.
Elastic
Describes demand that is highly responsive to changes in price, where a small price change leads to a large change in quantity demanded.
Inelastic
Describes a scenario where the demand or supply of a good or service is not significantly changed when the price of that good or service changes.
Elasticity of Demand
The measure of how much the quantity demanded of a good responds to a change in the price of that good.
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