Exhibit 12

question 4

Multiple Choice

Exhibit 12.7 The heights (in cm) for a random sample of 60 males were measured.The sample mean is 166.55,the standard deviation is 12.57,the sample kurtosis is 0.12,and the sample skewness is -0.23.The following table shows the heights subdivided into non-overlapping intervals. Refer to Exhibit 12.7.Using the p-value approach and ,the decision and conclusion are:

• A)Reject the null hypothesis,conclude heights have a normal distribution
• B)Reject the null hypothesis,conclude heights do not have a normal distribution
• C)Do not reject the null hypothesis,conclude heights have a normal distribution
• D)Do not reject the null hypothesis,conclude heights do not have a normal distribution

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Definitions:

Antitrust Laws

Legislation intended to promote free competition in the market by regulating anticompetitive practices and breaking up monopolies.

Behavioralist Approach

A method in economics that uses psychological insights into human behavior to explain economic decision-making.

Legal Cartel Theory

A concept in economic theory suggesting that certain legal frameworks or conditions can enable firms to engage in cartel-like behavior without explicit agreements.