The Sampling Distribution Of $\bar { p } _ { 1 }$

question 22

Multiple Choice

The sampling distribution of $\bar { p } _ { 1 }$ - $\bar { p } _ { 2 }$ is approximated by a

• A) normal distribution.
• B) t distribution with n₁ + n₂ degrees of freedom.
• C) t distribution with n₁ + n₂ - 1 degrees of freedom.
• D) \(\bar { p } _ { 1 }\) - \(\bar { p } _ { 2 }\) distribution.

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Definitions:

Utility Function

A mathematical representation in economics of a consumer's preference ordering over a set of goods and services.

Consumption

The process by which goods and services are used up or consumed by individuals or groups.

Income

The monetary payment received for labor, services, or investment, constituting the financial resource individuals, businesses, or governments use for spending and saving.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan balance.