In Hypothesis Testing If the Null Hypothesis Is Rejected

question 8

Multiple Choice

In hypothesis testing if the null hypothesis is rejected,

• A)no conclusions can be drawn from the test
• B)the alternative hypothesis must also be rejected
• C)the data must have been accumulated incorrectly
• D)None of the other answers are correct.

---

Definitions:

Diminishing Marginal Utility

Principle that as more of a good is consumed, the consumption of additional amounts will yield smaller additions to utility.

Utility Of Income

The perceived value or satisfaction that an individual gains from receiving a certain amount of income.

Income Function

A mathematical representation that shows how an individual's or firm's income changes in relation to other factors, such as labor or capital investment.

Identical Expected Values

Situations where two or more uncertain alternatives have the same expected outcome or result.