If the Obtained Value Is Greater Than the Critical Value

question 15

Multiple Choice

If the obtained value is greater than the critical value, what should you do?

• A) Reject the null hypothesis
• B) Accept the null hypothesis
• C) Set a higher p value
• D) Increase your sample

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Definitions:

Cooperative

An organization consisting of people who pool their resources to buy and sell more efficiently than they could individually.

Single-Owner

Pertains to a business that is exclusively owned by one individual who is responsible for its operations and liabilities.

Business Organization

An entity formed for the purpose of carrying out commercial enterprise, including options such as sole proprietorships, partnerships, and corporations.

Partnership

A legal form of business operation where two or more individuals share ownership, as well as the responsibility for managing the business and the sharing of its profits and losses.