A Researcher Does a Study and Reports That the Statistic

question 11

Multiple Choice

A researcher does a study and reports that the statistic she calculated has a p <.05. What does this statement mean?

• A) Her outcome was very likely assuming the null is true
• B) The probability of this outcome was high
• C) The probability of this outcome or one more extreme was .95
• D) The probability of this outcome or one more extreme is less than .05 if the null hypothesis is true

Understand the role of government interventions in correcting market failures due to externalities.

Explain how subsidies, taxes, and regulatory measures affect economic welfare and market equilibrium.

Recognize examples of negative and positive externalities in various contexts.

Apply the Coase theorem to potential solutions for externality problems through negotiation.

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Definitions:

Customer's Sexual Harassment

Unwanted sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature by a customer.

Employer Liability

Employer liability is a legal concept where employers are held responsible for actions or negligence of their employees performed in the course of employment.

Title VII

An element of the Civil Rights Act of 1964 that prohibits workplace discrimination rooted in race, color, religious orientation, sex, or origin of nationality.

Civil Rights Act of 1964

A landmark legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.