After Running a T-Test on the Mean Numbers of Jelly

question 15

Multiple Choice

After running a t-test on the mean numbers of jelly beans that men and women eat over the course of the year, I conclude that men eat significantly more jelly beans than women. If men and women actually eat the same number of jelly beans, my conclusion is

• A) a valid conclusion
• B) a Type I error
• C) a Type II error
• D) an example of power

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Definitions:

Takeover

One company acquiring another company.

Seeks to Acquire

The process of actively looking for opportunities to obtain or gain possession of assets, skills, technology, or companies.

Competing Companies

Businesses or organizations that are in the same industry and vie for the same customer base, market share, or resources.

Market Power

The ability of a firm or entity to influence the price, quantity, and other market factors of goods or services, often due to its dominant share or unique position.