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Identify the Null and Alternative Hypotheses for the Following Problems

question 119

Essay

Identify the null and alternative hypotheses for the following problems.
a.The manager of a restaurant believes that it takes a customer less than or equal to 25 minutes to eat lunch.
b.Economists have stated that the marginal propensity to consume is at least 90¢ out of every dollar.
c.It has been stated that 75 out of every 100 people who go to the movies on Saturday night buy popcorn.


Definitions:

Blu-ray Discs

A digital optical disc data storage format designed to supersede the DVD format, offering higher storage capacity and better quality for video and audio.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, opposite to normal goods.

Money Income

The complete sum of financial gains accrued by a person or a family unit, encompassing earnings from employment, benefits, and returns on investments.

Demand Curve

A graph showing the relationship between the price of a product and the quantity of the product demanded at those prices.

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