Your Research Hypothesis Is That There Is an Association (As

question 6

Multiple Choice

Your research hypothesis is that there is an association (as indicated by Cramer's V) between race and highest educational degree. Based on the following output, the sample results are consistent with the _____, the significance level is _____, and the null hypothesis is _____.
$$\begin{array}{l}\text { Symmetric Measures }\\\begin{array} { | l l | r | r | } \hline & & \text { Value } & \text { Approx. Sig. } \\\hline \text { Nominal by Nominal } & \text { Phi } & .217 & .382 \\& \text { Cramer's V } & .154 & .382 \\\text { N of Valid Cases } & & 135 & \\\hline\end{array}\end{array}$$

• A) null hypothesis … skipped … not rejected
• B) research hypothesis … skipped … rejected
• C) research hypothesis … .154 … not rejected
• D) research hypothesis … .382 … not rejected

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Definitions:

Profit-Maximizing Price

The price level at which a firm can achieve the maximum possible profit, calculated by equating marginal cost with marginal revenue.

Total Revenue

The cumulative revenue a company collects from the sale of goods or offering of services during a given time frame.

Gas Station

A retail establishment that sells fuel and engine lubricants for motor vehicles.

Profit-Maximizing Quantity

The level of output at which a company can achieve the highest profit, where marginal revenue equals marginal cost.