When the Following Hypotheses Are Being Tested at a Level $\alpha$

question 116

Multiple Choice

When the following hypotheses are being tested at a level of significance of $\alpha$ H₀: $\mu$ 500
H_a: $\mu$ < 500
The null hypothesis will be rejected if the p-value is

• A) ≤ \(\alpha\)
• B)> \(\alpha\)
• C)> \(\alpha\)/2
• D)≤1 - \(\alpha\)/2

---

Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Hot Dog

A cooked sausage, traditionally grilled or steamed, and served in a partially sliced bun as a fast-food.

Hamburger

a popular food item consisting of a cooked patty of ground meat, usually beef, placed inside a sliced bread roll or bun.

Monthly Income

The total earnings received on a monthly basis from all sources such as employment, investments, and entitlements.