To select: The statement that can be a hypothesis.
Answer to Problem 5R
(a)
Explanation of Solution
Explanation for correct option:
(a) Thisis a guess by economists and involves two variables i.e. a teenager will spend more on food than saving. Therefore, (a) is the correct option.
Explanation for incorrect option:
(b) This is a statement while hypothesis is a guess by the economists which is further tested for its validity. Therefore, (b) is an incorrect option.
(c) This is a guess by economists but involves only one variable while hypothesis involve two or more variables to test and validate later. Therefore, (c) is an incorrect option.
Hypothesis is a guess that has been made by the economist. It is an assumption considering two or more variables that are tested for their validity.
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