The F-Test Used for Testing the Difference in 2 Population

question 131

True/False

The F-test used for testing the difference in 2 population variances is always a one-tailed test.

---

Definitions:

Economic Efficiency

A situation where resources are allocated in a way that maximizes the production of goods and services at the lowest cost.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.

Cable Television

A system that delivers television programming through coaxial or fiber-optic cables directly to viewers.

Lump-Sum Payment

A one-time payment made for a particular item or service, rather than payments spread over time.