A Wine Magazine Wants to Know If Chefs Can Tell

question 44

Multiple Choice

A wine magazine wants to know if chefs can tell the difference between duck liver pâté and wet dog food. Eighteen chefs were asked to rate both the pâté and dog food on a scale from 1 to 5, with 1 corresponding to "inedible" and 5 to "very tasty." The results are shown in the following table. To determine whether chefs have a preference between pâté and dog food using the sign test, the competing hypotheses are ________.

• A) H₀: p = 0.5; H_A: p ≠ 0.5
• B) H₀: p ≥ 0.5; H_A: p < 0.5
• C) H₀: p ≤ 0.5; H_A: p > 0.5
• D) H₀: p ≠ 0.5; H_A: p = 0.5

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Definitions:

Funds From Abroad

Financial resources provided to a country by foreign governments, institutions, or individuals, often in the form of loans, grants, or investments.

Demand for U.S. Dollars

The desire or need by individuals, businesses, and governments worldwide to hold assets in the form of U.S. currency, influenced by factors such as interest rates and economic stability.

Crowding Out

The phenomenon where increased government borrowing leads to higher interest rates, reducing private investment and spending in the economy.

Real GDP

The measure of a country's gross domestic product adjusted for inflation, reflecting the real value of goods and services produced.