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:

Organizational Reach

The extent to which an organization can project its influence or services over geographic areas and operational domains.

Inventory ID Code

A unique identifier, often in the form of a barcode or RFID tag, used to track and manage individual items in an inventory.

Warehouse

A large building where goods are stored before they are distributed, sold, or used.

Product Item

A specific version of a product that is distinct in its offered features or characteristics.