Figure 15-22 
-Refer to Figure 15-22. Which is more efficient, single price profit maximization or perfect price discrimination?
Definitions:
One-tailed Hypothesis
A statistical hypothesis test where the region of rejection is on only one side of the sampling distribution.
Nondirectional Hypothesis
A type of hypothesis that specifies that a difference or relationship exists, but does not predict the direction of the difference or relationship.
Two-tailed Hypothesis
A hypothesis test that allows for the possibility of a relationship in both directions, not specifying the direction of the relationship.
Invalid Hypothesis
A hypothesis that is disproven or found to be incorrect based on evidence or statistical analysis.
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