A Researcher Performs a Hypothesis Test to Test the Claim

question 60

Multiple Choice

A researcher performs a hypothesis test to test the claim that among car owners in one town,the mean number of kilometres driven per year is greater than 22,540.Use the provided computer output to draw a conclusion about the number of miles driven at a significance level of 0.01.

• A)Reject the null- there is sufficient evidence to say that car owners in the town drive more than 22,540 km/yr on average.
• B)Reject the null- there is not enough evidence to say that car owners in the town drive more than 22,540 km/yr on average.
• C)Fail to reject the null- there is not enough evidence to say that car owners in the town drive more than 22,540 km/yr on average.
• D)Fail to reject the null- there is sufficient evidence to say that car owners in the town drive more than 22,540 km/yr on average.
• E)There is insufficient information to draw a conclusion.

---

Definitions:

Stock Prices

The monetary value of a share of a company's equity as traded on a stock exchange.

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed, charged by lenders to borrowers for the use of their funds.

Future Income

The expected revenue or earnings generated by investments, work, or financial strategies over an upcoming period.

Stock Market

A public market for buying and selling equity securities and derivatives, where companies can raise capital and investors can trade shares.