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Use the following to answer questions:
Figure: Comic Books and Coffee 2
-(Figure: Comic Books and Coffee 2) Refer to the figure. If a consumer has $2 to spend on comic books (priced at $1 per comic book) and coffee (price at $1 per cup) should the she buy two cups of coffee?
Null Hypothesis
A default hypothesis that there is no effect or no difference, used as a basis for statistical testing.
Research Hypothesis
A specific, testable prediction about the expected outcome of a study based on theory or prior research.
Three Groups
Refers to experimental or study designs involving three distinct groups or conditions for comparison or analysis.
Kolmogorov-Smirnov Test
A nonparametric test used to determine the goodness of fit between a set of observed values and a continuous distribution.
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