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Answer the questions that follow this SPSS output:
"Your research hypothesis is "In the population, persons' mothers average more years of schooling than do their fathers." (¯EDUCMOM>¯EDUCDAD)
A) State the null hypothesis being tested.
B) Is this a one-tailed or two-tailed hypothesis?
C) Are your sample results consistent with the null hypothesis or the research hypothesis? (null / research)
D) What is the probability of getting the sample results you got if the null hypothesis is true? (If this step in hypothesis testing can be skipped, write the word "SKIP".)
E) What is your conclusion? (In other words, do you "reject" or "not reject" the null hypothesis based on these results?)
F) Are your results statistically significant? (yes / no)
Inventory Costs
The costs associated with storing and handling inventory, including warehousing, insurance, and transportation, among others.
Transportation Costs
Expenses associated with moving goods from one location to another, including fuel, labor, and maintenance of vehicles, among other factors.
Inventory Effect
The impact that changes in inventory levels have on a company's financial statements, including effects on working capital, cash flow, and profitability.
Inverse Relationship
A relationship between two variables where one variable increases as the other decreases, or vice versa.
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