Adult Drink
a Particular Study Claims That the Average U $\alpha$

question 64

Essay

Adult drink
A particular study claims that the average U.S.adult drinks 1.7 cups of coffee per day.To test this claim,a sample of 35 adults were asked about their coffee consumption.The sample average was 1.95 cups per day.Assume the population standard deviation is 0.5 cups per day and set $\alpha$ = 0.10.
-State the decision rule in terms of the critical value.

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Definitions:

Stock Price

The amount at which a share of stock is bought or sold on the market.

Elasticity

A measure of how much the demand or supply of a product changes in response to a change in price.

Stock Put Option

A financial contract giving the buyer the right, but not the obligation, to sell a stock at a specified price within a certain time frame.

Hedge Ratio

A ratio used to measure the amount of exposure reduced in an investment position through the use of a hedging strategy, often involving derivatives such as options or futures contracts.