Asked by Emily Perez on May 14, 2024
Verified
If a marketer wishes to determine whether there is evidence that average family income in a community exceeds $32,000:
A) either a one-tail or two-tail test could be used with equivalent results.
B) a one-tail test should be utilized.
C) a two-tail test should be utilized.
D) None of these choices.
Marketer
A marketer is a professional involved in the creation, communication, delivery, and exchange of offerings that have value for customers, clients, partners, and society at large.
Average Family Income
The mean amount of money earned by members of a family in a given period, often used to measure economic status.
- Identify the distinctions between one-tailed and two-tailed tests.
Verified Answer
DT
Danyelle ToludMay 20, 2024
Final Answer :
B
Explanation :
A one-tail test should be utilized because the marketer is interested in determining if the average family income exceeds a specific value, not if it is different from that value.
Learning Objectives
- Identify the distinctions between one-tailed and two-tailed tests.
Related questions
A Logger Knows the Average Time for His Cutting Machine ...
A Random Sample of 7 Observations Was Drawn from a ...
If We Want to Perform a Two-Tail Test of a ...
A Grocery Store Is Interested in Determining Whether or Not \(\mu ...
To Examine the Association Between Temperature and Frozen Yogurt Sales,you ...