An Energy Analyst Wants to Test If U

question 104

Multiple Choice

An energy analyst wants to test if U.S.oil production is random over time.The analyst has monthly production values for the two years.The analyst finds 12 months are above the median,12 months are below the median,six runs are below the median,and five runs are above the median.Using the p-value approach and α = 0.01,the appropriate conclusion is _________.

• A) do not reject the null hypothesis;conclude oil production is not random
• B) reject the null hypothesis;conclude oil production is not random
• C) reject the null hypothesis;conclude oil production is random
• D) do not reject the null hypothesis;we cannot conclude oil production is not random

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Definitions:

Asch's Line-Judgment Experiment

A study on conformity that demonstrated the power of social pressure on individuals to conform to an incorrect majority view.

Deindividuation

A psychological state where an individual loses self-awareness and self-restraint, often occurring within group settings.

Inhibitions

Mental or psychological processes that restrain or hold back one's actions, emotions, or thoughts.

Milgram's Obedience Experiments

Milgram's obedience experiments were a series of studies that demonstrated people's willingness to obey authority figures, even to the extent of inflicting harm on others.