If a Null Hypothesis Is Rejected at a Significance Level

question 134

Multiple Choice

If a null hypothesis is rejected at a significance level of .05,it will _____________ be rejected at a significance level of .01

• A)Always
• B)Sometimes
• C)Never

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Definitions:

Deadweight Loss

The economic efficiency is lessened when a good or service does not attain its equilibrium in the free market.

Tax

Compulsory financial charges imposed by a government on individuals and organizations to fund public expenditures.

Good

An item or product that satisfies a want or need, available for sale or trade.

Market Demand

The total quantity of a good or service that all consumers in the market are willing and able to purchase at different prices.