If, at Step 2 in Hypothesis Testing, Your Sample Results

question 28

Multiple Choice

If, at Step 2 in hypothesis testing, your sample results are consistent with the null hypothesis, what do you do?

• A) Go to Step 3 and check the significance level.
• B) Go to Step 4 and do not reject the null hypothesis.
• C) Go to Step 4 and reject the null hypothesis.
• D) Return to Step 1 and form new hypotheses.

---

Definitions:

Mercantilism

An economic theory prevalent in the 16th to 18th centuries focusing on maximizing a nation's exports and minimizing imports to accumulate wealth and precious metals.

Communism

A political and economic ideology advocating for a classless society in which all property and resources are communally owned and controlled by the public or the state.

Gross Domestic Product

The total value of all goods and services produced over a specific time period within a country's borders.

Domestic Production

The creation of goods and services within a country's borders, contributing to its gross domestic product (GDP).