For Testing the Difference Between Two Population Proportions,the Pooled Proportion

question 130

Multiple Choice

For testing the difference between two population proportions,the pooled proportion estimate is found by taking:

• A)the proportion of successes from sample 1 plus the proportion of successes from sample 2.
• B)the total number of successes in both samples divided by the total of both sample sizes.
• C)the difference between the proportion of successes in each sample.
• D)None of these choices.

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Definitions:

Equilibrium Price

The cost level where the amount of a product or service that consumers want to buy equals what is available, resulting in a balanced market situation.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied.

Elasticity Coefficients

Numerical measures that indicate how much the quantity demanded or supplied of a good responds to changes in price, income, or other factors.

Total Revenue

The total income generated from the sale of goods or services before any expenses are subtracted.