Suppose a Study Was Done to Determine If the Average

question 62

Multiple Choice

Suppose a study was done to determine if the average amount of sleep that students get the day before an exam is less than 6 hours.An SRS of 100 students from a university was taken and a mean of 5.5 hours was computed from the sample.The figure below provides the results of the analysis. Suppose the alternative hypothesis is H_a:   6.Would the null hypothesis be rejected at the .01 level?

• A)Yes
• B)No

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Definitions:

Markup

The amount added to the cost price of goods to cover overhead and profit; the percentage increase on the original cost.

Selling Price

The final price at which a product or service is sold to the customer, taking into account costs, profit margins, and market demand.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the financial health of a company's core activities.

List Price

The published price of a product or service, often suggested by the manufacturer or service provider, before any discounts or negotiations.