In Hypothesis Testing,the Test Statistic Must Be Compared Against the ______

question 18

Multiple Choice

In hypothesis testing,the test statistic must be compared against the ______.

• A)critical value
• B)significance level
• C)obtained value
• D)p value

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Definitions:

Recession

A momentary economic deflationary period, seen in reduced levels of trade and manufacturing, commonly characterized by a GDP drop for two sequential quarters.

Efficiently

Achieving maximum productivity with minimum wasted effort or expense, often related to the optimal use of resources.

Economic Growth

An increase in the production of economic goods and services, compared from one period of time to another. It can be measured in nominal or real terms, the latter of which is adjusted for inflation.

Unusual Circumstances

pertains to events or conditions that are not part of the normal course of events and often require special consideration or response.