If the Results of an Experiment Allow Rejection of the Null

question 8

Multiple Choice

If the results of an experiment allow rejection of the null hypothesis, _________.

• A) the effect of the independent variable must be large.
• B) similar results are likely to occur if the experiment is repeated
• C) the experiment proves that H ₀ is false.
• D) the effect of the independent variable must be large and the experiment proves that H ₀ is false.
• E) similar results are likely to occur if the experiment is repeated and the experiment proves that H ₀ is false.

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Definitions:

Surplus

The situation in which the quantity supplied of a good exceeds the quantity demanded at a given price.

Quantity Demanded

The overall quantity of a product or service that buyers are ready to buy at a specific price.

Quantity Supplied

How much of a product or service that sellers are willing and able to transact at a given price level.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded; it is the price that clears the market.