Given the following hypothetical example, write the hypotheses and test them: A laptop producing company also produces laptop batteries, and claims that the batteries
it produces power a laptop for about 4:00 hours. But, you doubted the claim and collected
data from 500 laptop users of the same brand and battery, and you found out the battery
powers the laptop for about 3:00 hours and 30 minutes. Considering an alpha of 0.05,
prove the claim of the company is true or false or show whether you accept the
company’s claim or reject it? Please also write H0 and Ha statements for testing your
hypothesis.
3. The sales persons of different cloth store (shops) had taken customer handling trainings

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know