Energy Drink Consumption a Researcher at the University of Washington Medical School

question 136

Essay

Energy Drink Consumption
A researcher at the University of Washington medical school believes that energy drink consumption may increase heart rate.Suppose it is known that heart rate (in beats per minute)is normally distributed with an average of 70 bpm for adults.A random sample of 25 adults was selected and it was found that their average heartbeat was 73 bpm after energy drink consumption,with a standard deviation of 7 bpm. ​ ​
-{Energy Drink Consumption Narrative} Test the hypotheses in the previous question at the 10% significance level to determine if we can infer that energy drink consumption increases heart rate.

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Definitions:

Perfect Competition

An industry with so many firms that no one firm has any influence over price, and firms produce an identical product.

Imperfect Competition

All market structures except perfect competition; includes monopoly, oligopoly, and monopolistic competition.

Marginal Revenue Product

The additional revenue generated from employing one additional unit of a resource, considering all other inputs constant.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor of production, holding all other factors constant.