Concerned About the High Price of Gas,you Conduct a Hypothesis

question 44

Multiple Choice

Concerned about the high price of gas,you conduct a hypothesis test to determine if the cost of gas in your area has risen above $1.35 per litre.Use the provided computer output to draw a conclusion about the price of gas at a significance level of 0.05.

• A)Fail to reject the null- there is evidence that the average gas price has exceeded $1.35 per litre in your area.
• B)Reject the null- there is evidence that the average gas price has exceeded $1.35 per litre in your area.
• C)Fail to reject the null- there is not evidence that the average gas price has exceeded $1.35 per litre in your area.
• D)Reject the null- there is not evidence that the average gas price has exceeded $1.35 per litre in your area.
• E)There is insufficient information to draw a conclusion.

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Definitions:

Financial Success

The achievement of monetary goals and stability, often reflecting wealth, income, and fiscal security.

Functionalist Perspective

Views society as a structure with interrelated parts designed to meet the biological and social needs of the individuals in that society.

Poverty

A condition where individuals or communities lack the financial resources and essentials for a minimum standard of living.

Conflict Theory

A perspective in sociology that emphasizes the social, political, or material inequality of a social group, critiquing the broader socio-political system.