If We Reject the Null Hypothesis with a Two-Tailed Test

question 49

Multiple Choice

If we reject the null hypothesis with a two-tailed test in the previous anorexia condition, we would side with which of the following alternatives?

• A) m _FT = m _C
• B) m _FT ≠ m _C
• C) m _FT m _C
• D) m _FT > m _C

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Definitions:

Price Ceiling

A legal limit on how high the price of a product can be charged in the market.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the actual amount they do pay.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual amount they receive by selling it at the market price.

Market Equilibrium

The point at which the quantity demanded and the quantity supplied of a product are equal, leading to a stable market price.