In Testing the Hypotheses:
H₀ $\mu$ _D = 5
H_A $\mu$ _D $\neq$

question 75

Essay

In testing the hypotheses:
H₀: $\mu$ _D = 5
H_A: $\mu$ _D $\neq$ 5,
two random samples from two normal populations produced the following statistics:
n_D = 36, x_D = 7.8, s_D = 7.5.
What conclusion can we draw at the 5% significance level?

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Definitions:

Economic Model

A simplified representation of economic processes, often using mathematical formulas or graphs, to analyze behavior and predict outcomes.

Inductive Reasoning

A method of reasoning in which a conclusion is reached based on the observation of specific instances or patterns.

Variable Theory

A conceptual framework that outlines how variables interact within a particular study or model.

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.