A Nondirectional Alternative Hypothesis for an Independent Samples T Test

question 8

Multiple Choice

A nondirectional alternative hypothesis for an independent samples t test states that

• A) there is no significant difference between means.
• B) one mean will be higher or lower than the other mean.
• C) a difference between means is due to chance.
• D) a difference between means is due to treatment.

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Definitions:

Level of Output

The total quantity of goods or services produced by an individual, firm, or economy in a given time period.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, and freedom of entry and exit, leading to price taking behavior.

Price Makers

Firms or entities that have the power to influence the price of a good or service in the market, typically due to a lack of competition.

Differentiated Products

Products that are similar but distinguished from each other by variations in quality, features, branding, or some other aspect valued by consumers.