If the Number of Persons Who Attend the Club Meeting

question 14

Multiple Choice

If the number of persons who attend the club meeting this week is X, then the number of people who will attend next week is 30 + 0.70X.What is a long-run equilibrium attendance for this club?

• A)42.86
• B)60
• C)100
• D)30
• E)70

---

Definitions:

Two-Tailed Test

A statistical test where the significance area is on both ends of the distribution, examining if a sample falls outside a specific value range on either side.

Null Hypothesis

A hypothesis used in statistics that proposes no significant difference or effect, serving as the default assumption to be tested against an alternative hypothesis.

Test Statistic

A value determined from sample data, used to make decisions on a hypothesis in statistical testing.

Level Of Significance

A threshold in hypothesis testing, representing the probability of rejecting a true null hypothesis, typically denoted by alpha.