In a Survey Conducted of 1000 Workers, 440 Indicated That

question 191

Multiple Choice

In a survey conducted of 1000 workers, 440 indicated that they have Internet access at work.
-How much evidence do we have to reject the null hypothesis in favour of the alternative hypothesis that fewer than half of the employed workers have Internet access at work?

• A)No evidence
• B)Some evidence
• C)Strong evidence
• D)Very strong evidence
• E)Extremely strong evidence

---

Definitions:

Economists

Professionals who study the production, distribution, and consumption of goods and services, analyzing how economies work and how economic agents interact.

Opportunity Costs

Represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Explicit Costs

Direct, out-of-pocket payments for inputs or resources used in the production of goods or services, such as wages for labor, rent for offices, or materials for production.

Implicit Costs

Implicit costs are the opportunity costs of using resources that a company already owns, representing the potential income lost by not utilizing them elsewhere.