Which of the following is not a step in any hypothesis test?
a. Assume the alternative hypothesis is true.
b. Determine the rejection region or the p-value to make a conclusion.
c. Determine the null and alternative hypotheses.
d. Summarize the data into an appropriate test statistic.
Correct: a
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Scenario B: Fresh Catch, a small, popular chain of seafood restaurants, wishes to hire a new general manager to oversee a local restaurant's day-to-day operations. The company human resources (HR) manager posts an advertisement in the local newspaper stating, "General manager wanted for a fast-paced, award-winning seafood restaurant. Applicants must have three years' experience in a comparable restaurant managing a large staff and ensuring the satisfaction of diners." In addition to making inquiries through industry contacts, the HR manager places the ad on the company's bulletin board and intranet. The HR manager then develops a pool of prospective candidates for the position and chooses from the pool of candidates when making decisions on whom to hire.The part of the ad that states that
the company requires a general manger with three years' experience managing the staff in a successful seafood restaurant is an example of a job. A. specification. B. scope. C. psychograph. D. posting. E. description.
When variable costing is used,
a. all product costs are considered to be variable. b. all period costs are considered to be variable. c. all product costs are considered to be fixed. d. product costs are separated into fixed and variable components.
Bill and Mary own a small chain of high fashion boutiques that represent almost 100% of their net
worth. When considering capital budgeting projects for their boutiques, the appropriate measure of risk is A) systematic risk. B) contribution-to-firm risk. C) beta risk. D) project standing alone risk.
Correlation and the chi-square test of independence are similar in purpose with a few key differences. Describe how are these tests are similar. Describe how they are different.
What will be an ideal response?