The statement: "If we lower the price of this product by 5 percent,then our profit will
Increase by 3 percent" represents what type of statement?
A)A wild guess
B)A conclusion
C)A faint hope
D)A hypothesis
E)A decision rule

Question

Quizplus · Accepted Answer

The statement represents a hypothesis, as it is stating a hypothetical relationship between two variables (price and profit). It is not a wild guess, conclusion, faint hope, or decision rule as those would imply a different level of certainty or actionability.

The Statement: "If We Lower the Price of This Product