Researchers Claim That 40 Tissues Is the Average Number of Tissues

question 93

Multiple Choice

Researchers claim that 40 tissues is the average number of tissues a person uses during the course of a cold.The company who makes Puffs brand tissues thinks that fewer of their tissues are needed.What are their null and alternative hypotheses?

• A)H₀: μ = 40 vs.H₁: μ > 40
• B)H₀: μ = 40 vs.H₁: μ < 40
• C)H₀: = 40 vs.H₁: < 40
• D)H₀: μ < 40 vs.H₁: μ = 40

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Definitions:

Price Floor

A government-imposed minimum price charged on goods and services, aimed at preventing prices from going too low.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.

Non Binding Price Floor

A non binding price floor is set below the market equilibrium price, having no effect on the market because it does not restrict supply or demand.

Explicit And Implicit Coercion

Refers to the overt and subtle ways in which individuals or groups may be forced or pressured into behaving in certain ways.