Exhibit 19-2 Students in Statistics Classes Were Asked Whether They Preferred a Preferred

question 54

Multiple Choice

Exhibit 19-2
Students in statistics classes were asked whether they preferred a 10-minute break or to get out of class 10 minutes early. In a sample of 150 students, 40 preferred a 10-minute break, 80 preferred to get out 10 minutes early, and 30 had no preference. We want to determine if there is a difference in students' preferences.
-Refer to Exhibit 19-2. The null hypothesis should be

• A)rejected
• B)not rejected
• C)revised
• D)None of these alternatives is correct.

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Definitions:

Value Pricing

The practice of simultaneously increasing product and service benefits while maintaining or decreasing price.

Free On Board

A shipping term indicating that the seller bears the shipping costs and risk of loss until the goods reach the buyer’s specified location.

Origin Pricing

Pricing strategy based on the geographical location of a product's origin, considering the costs of transportation and tariffs.

Transportation Costs

Expenses associated with moving goods or services from one location to another, including fuel, labor, and maintenance.