(See Solution) Welcome to the case assignment for Module 2. Please - #80040

Module 02 - Case Assignment

Genetically Modified Foods

Welcome to the case assignment for Module 2. Please read the article below, which addresses genetically modified (GM) foods and Europe's unwillingness to accept them.

Anonymous, (Jun 20, 2003) U.S., European split widens on modified foods Houston Chronicle; Houston, Tex pg. 3

You are going to design (but not do) a test to see if genetically modified foods are different from non-genetically modified (NGM) foods. Assume you are designing a study that will analyze GM and NGM foods, and answer the following questions.

1. What will your null and alternative hypotheses be? (Hint: Ensure your null and alternative hypotheses are logical opposites.)

2. What significance level will you use to test this hypothesis? Why this level?

3. What statistic will you use to test the hypothesis? Why?

4. Would the

Chi Square

hypothesis test apply to this study? Why? (Hint:

Chi Square

is for nominal data having no presumed distribution—are the data for your GM vs. NGM tests nominal without predetermined distribution?)

from http://www.teachmefinance.com/capm.html

McCracken, M. E. (2005). The Security Market Line. Retrieved from February 4^th, 2008

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