If the Value of the Sample Mean Is Close

question 63

Multiple Choice

If the value of the sample mean is close enough to the hypothesized value μ₀ of the population mean μ,then:

• A)the value of μ₀ is definitely correct.
• B)the value of μ₀ is definitely wrong.
• C)we reject the null hypothesis.
• D)we cannot reject the null hypothesis.

---

Definitions:

Position Themselves

The strategy used by companies to define their market standing or niche, distinguishing themselves from competitors.

Postpurchase Cognitive Dissonance

The feeling of uncertainty or regret that a consumer may experience after making a purchase decision.

Lessen Dissonance

The act of reducing conflict or inconsistency, especially in the context of cognitive dissonance in psychology, where individuals strive for internal consistency between their beliefs and actions.

Frequent-Flyer Miles

Loyalty program points awarded by airlines to passengers who travel with them, which can be redeemed for flight discounts, upgrades, or other rewards.