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:

Preferences

The individual choices or tastes regarding various bundles of goods, shaping demand and consumption patterns in economics.

Indifference Curves

Graphical representations in microeconomics, illustrating combinations of goods or services among which a consumer is indifferent, meaning they have no preference for one combination over the other.

Utility Function

A mathematical representation in economics that shows the relationship between the overall utility a consumer derives from different bundles of goods.

Parameters A And B

Symbols that represent constants in mathematical models and equations, often defining the shape or behavior of a function.