Imagine the Value of a T-Test Is Greater Than the α

question 108

Multiple Choice

Imagine the value of a t-test is greater than the α = .05 critical value but less than the α = .01 critical value. Which of the following statements is true?

• A) p > .05
• B) p < .01
• C) You have rejected the null hypothesis.
• D) The means of the two groups are significantly equal to each other.

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Definitions:

Unemployment Rate

The share of the employment pool that is currently without work yet is actively trying to find a job.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, a key indicator of the economy's health.

Rational Expectations Theory

An economic theory suggesting that individuals form forecasts about the future based on all available information and past experiences, thereby influencing and typically accurately predicting future economic events.