A 90% Confidence Interval Can Be Used to Reject the Null

question 70

Multiple Choice

A 90% confidence interval can be used to reject the null hypothesis of a two-sided test at the 10% significance level if and only if

• A)a 90% confidence interval includes the hypothesized value of the parameter.
• B)a 90% confidence interval does not include the hypothesized value of the parameter.
• C)the null hypothesis is less than 0.05.
• D)the null hypotheses includes sampling error is greater than 0.05.

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Definitions:

Labor Force

The total number of people employed and unemployed, who are actively looking for work and capable of working.

Marginal Benefit Curve

A graphical representation showing how the benefit (utility or satisfaction) to a consumer changes as consumption of a good or service increases.

Extra Benefit

The additional advantage or utility gained from consuming one more unit of a good or service.

Specific Product

A distinct good or service that is identifiable and distinct from others due to unique characteristics or features.