If the Hypothesis Presented Is Tested Using a

question 44

Multiple Choice

If the hypothesis presented is tested using a .05 alpha level and the resulting p value is .01,which of the following interpretations of the results is most appropriate?

• A) There is no relationship between income and food expenditures
• B) There is a relationship between income and food expenditures
• C) As income increases, food expenditures increase
• D) As income decreases, the percentage of income spent on food increases
• E) None of the above

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Definitions:

Order Instrument

An instrument payable to a specific, named payee.

Instrument Payable

A written document that promises the payment of a definite amount of money either on demand or at a future date.

Definite Time

A specified period in contracts or agreements where certain actions or conditions must be met or take place.

Negotiation

The process of discussing and arriving at a mutual agreement between parties, often involving compromise or the making of concessions.