Answer: Choice A) A true null hypothesis is rejected
In other words, if the reality is that the null is true but your research says otherwise, then you've committed a type i error.
A type ii error is when you fail to reject the null (basically "accepting" the null) while in reality the alternative is the true hypothesis.
Answer:
Step-by-step explanation:
Given that a small business assumes that the demand function for one of its new products can be modeled by

Substitute the given values for p and x to get two equations in c and k

Dividing on by other we get

Substitute value of k in any one equation

b) Revenue of the product is demand and price
i.e. R(x) = p*x = 
Use Calculus derivative test to find max Revenue
R'(x) =
EquateI derivative to 0
1-0.000589x =0
x = 1698.037
When x = 1698 and p = 16.56469
Answer:
4n
Step-by-step explanation:
I don't know if I did it right but I hope I did sorry if wrong