A Sample of 400 Journalism Majors at a Research University

question 47

Multiple Choice

A sample of 400 journalism majors at a research university were asked if they agreed with the following statement "Government should be more involved in oversight and regulation of reporting". Fifty-two (52) percent of the respondents agreed with the statement.
-The appropriate hypotheses that attempt to provide evidence supporting the claim that at least 50% journalism majors agree with the statement is _____.

• A)H₀: p ≤ .52 vs H_A: p > .52
• B)H₀: p ≥ .50 vs H_A: p < .50
• C)H₀: p ≤ .50 vs H_A: p > .50
• D)H₀: p = .50 vs H_A: p ≠ .50
• E)H₀: p ≠ .50 vs H_A: p = .50

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Definitions:

Price Decreases

A situation where the cost of goods or services lowers over time, often leading to increased consumer purchasing power.

Budget Constraint

The limitations on the purchase of goods and services imposed by a budget, representing the combination of goods and services that a consumer can afford with a fixed income.

Giffen Good

A type of good for which demand increases as its price increases, contradicting the basic laws of demand in economics due to the impact of strong income effects.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.