Exhibit 19-1

question 56

Multiple Choice

Exhibit 19-1.A researcher wished to determine if there was a difference in the college aptitude examination scores of traditional and nontraditional undergraduate students.The researcher selected p = .05 as the level for rejecting the null hypothesis.The researcher obtained a mean score of 52 for nontraditional students and a mean score of 40 for the traditional students.Statistical analysis indicated that the difference in means was significant at the .05 level.
-Refer to Exhibit 19-1.The null hypothesis for this study would be

• A) retained.
• B) rejected.
• C) ignored.
• D) verified.

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Definitions:

Product Price

The cost in terms of money for buying a service or good.

Decreased Supply

A reduction in the amount of a good or service that is available for purchase in the market.

Equilibrium Price

The price point at which the supply of a good matches demand, leading to a stable market condition where there is no shortage or surplus.

Excess Supply

a situation where the quantity of a good or service supplied in a market exceeds the quantity demanded at the current price, leading to downward pressure on the price.