A Study Examines the Use of Glucotrol and Depression and Uses

question 4

Multiple Choice

A study examines the use of Glucotrol and depression and uses an alpha of 0.05 and a power of 0.80 The researchers report a Chi-square of 109.1 with a p value of 0.25. You know this means:

• A) The researchers should reject the null.
• B) The researchers made a type II error.
• C) The researchers found a statistically significant difference.
• D) The researchers did not find a statistically significant association.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a particular marketplace.

Government Action

Measures and policies implemented by governmental bodies to address societal, economic, environmental, or political issues.

Economic Goods

Items or services that can satisfy human wants and are scarce in relation to their demand, requiring people to make choices about their use.

Pure Market System

is an economic model where prices for goods and services are determined by open market and consumers, without government intervention.