Consider a Two-Tailed Test with a Level of Confidence of 99

question 49

Multiple Choice

Consider a two-tailed test with a level of confidence of 99%. The p-value is determined to be 0.05; therefore,the null hypothesis ________.

• A)should not be rejected
• B)must be rejected
• C)may or may not be rejected depending on the square root of the sample size
• D)is the same as the alternative hypothesis

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Definitions:

Consumption

The act of using goods and services to satisfy needs and desires, often analyzed in economics and environmental sciences for its effects on society and the planet.

Distribution

in economics, refers to the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labor, land, and capital).

Production

The process of creating, manufacturing, or producing goods and services, involving labor, raw materials, and tools to fulfill human wants or needs.

Post-industrial Societies

Societies characterized by an economy in which the service sector produces more wealth than the industrial sector, emphasizing information technology and knowledge-based activities.