A Sample of 250 Adults Tried the New Multigrain Cereal

question 80

Multiple Choice

A sample of 250 adults tried the new multigrain cereal Wow! A total of 187 rated it as excellent. In a sample of 100 children,66 rated it as excellent. Using the 0.1 significance level,the researcher wishes to show that adults like the cereal better than children. Which of the following is the alternate hypothesis?

• A)H₁: πA = πC
• B)H₁: πA < πC
• C)H₁: πA > πC
• D)H₁: πA ≠ πC

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Definitions:

Equilibrium

A state where supply and demand are balanced, leading to a stable market condition.

Export

The selling of goods or services produced in one country to buyers in another country.

Import

The process of bringing goods or services into one country from another for the purpose of selling.

Domestic Price

The price at which goods or services are sold within a country's borders, unaffected by import or export tariffs.