Suppose That Furniture Factory Worker Are Unionized

question 347

Multiple Choice

Suppose that furniture factory worker are unionized. If these workers decide not to be unionized,

• A)the quantity of furniture factory workers demanded will rise. The supply of workers in other industries will also rise.
• B)the quantity of furniture factory workers demanded will rise. The supply of workers in other industries will fall.
• C)the quantity of furniture factory workers demanded will fall. The supply of workers in other industries will rise.
• D)the quantity of furniture factory workers demanded will fall. The supply of workers in other industries will also fall.

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Definitions:

Rejecting Null Hypothesis

The decision in hypothesis testing that the evidence is strong enough to conclude a significant effect exists.

Retaining Null Hypothesis

The decision in hypothesis testing that there is not enough evidence to reject the null hypothesis, implying the observed data does not significantly differ from what was expected.

Alpha (α)

Alpha (α) represents the level of significance in hypothesis testing, defining the threshold for rejecting the null hypothesis.

Critical Value

A critical value is a point on the distribution that represents a threshold above which significant results are considered to occur.