A Random Sample of 79 Companies from the Forbes 500

question 66

Multiple Choice

A random sample of 79 companies from the Forbes 500 list (which actually consists of nearly 800 companies) was selected,and the relationship between sales (in hundreds of thousands of dollars) and profits (in hundreds of thousands of dollars) was investigated by regression.The following results were obtained from statistical software. Suppose the researchers conducting the study wish to test the hypotheses H₀: ₁ = 0 versus H_a: ₁> 0.What do we know about the P-value of this test?

• A)The P-value is greater than 0.10.
• B)The P-value is between 0.05 and 0.10.
• C)The P-value is between 0.01 and 0.05.
• D)The P-value is less than 0.01.

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Definitions:

Compare-contrast Pattern

A method of organizing text that discusses the similarities and differences between two or more subjects.

Direct Pattern

A direct pattern in communication involves presenting the main idea or message at the beginning, followed by supporting details, often used for clear and straightforward messages.

Chronological Account

A narrative or report that presents events in the order they occurred, from earliest to most recent.

Problem Identification

The process of recognizing and defining an issue or challenge.