If an Economist Wishes to Determine Whether There Is Evidence

question 3

Multiple Choice

If an economist wishes to determine whether there is evidence that mean family income in a community equals $50,000

• A)either a one-tail or two-tail test could be used with equivalent results.
• B)a one-tail test should be utilized.
• C)a two-tail test should be utilized.
• D)None of the above.

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Definitions:

Reasoning

The process of forming conclusions, judgments, or inferences from facts or premises.

Writing Skills

The ability to express ideas clearly and effectively in written form, encompassing grammar, style, and structure.

Entry-Level Professional

A job position suited for individuals with minimal professional experience, typically at the start of their career.

External Audience

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