Answer:
Option A
Step-by-step explanation:
A type I error is committed when a researcher rejects the null hypothesis when it is actually true.
The null hypothesis is: U <= 50%
The alternative is: U > 50%
Thus, the principal could have committed an error by rejecting null hypothesis and concluding that more than 50% of students want earlier lunch, when in actuality 50% or less want earlier lunch.
The rate of change is shown to the right of the second graph as being -2
At 5 to 6 the average rate of change is -11, so at 6 to 7 the rate of change would be -11-2 = -13, then from 7 to 8 it would be -13-2 = -15.
The answer is D. -15
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Answer:
Cross price elasticity using midpoint method = 0.56
Step-by-step explanation:
Using the mid-point method
Cross-price Elasticity of Demand = <u>% change in Quantity demanded of UPS</u>
% change of price of FedEx
%change in Quantity demanded of UPS
using Mid-point method = <u> Q2-Q1 </u> × 100
(Q1+Q2)÷ 2
= <u>1.3-1.2 </u> × 100
(1.2+1.3)÷2
= <u>0.1 </u> × 100
1.25
= 8%
% change in price of FedEx
using midpoint method =<u> P2-P1 </u>× 100
(P1+P2)÷ 2
=<u> 75-65 </u>× 100
(65+75)÷2
=<u> 10 </u> × 100
70
= 14.28%
Cross-price Elasticity of Demand = 8% ÷ 14.28%
using midpoint method = 0.56