Consider the Following Null and Alternative Hypotheses $\mu$ $\le$ 67
H_a $\mu$

question 58

Multiple Choice

Consider the following null and alternative hypotheses. H_o: $\mu$ $\le$ 67
H_a: $\mu$ > 67
These hypotheses _______________.

• A)indicate a one-tailed test with a rejection area in the right tail
• B)indicate a one-tailed test with a rejection area in the left tail
• C)indicate a two-tailed test
• D)are established incorrectly
• E)are not mutually exclusive

Understand the methodology behind economic theories and the limitations of economic experiments.

Analyze the effects of macroeconomic policies on the national economy.

Examine the enforcement of antitrust laws and its economic implications.

Understand the circular-flow diagram and the basic interactions between households and firms in an economy.

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