You Are Given the Following Information on Items A, B

question 9

Multiple Choice

You are given the following information on items A, B, C, and D. The weighted aggregate quantity index when 2005 is used as the base and prices are used as weights is

• A) 67.956
• B) 80.123
• C) 300.700
• D) 146.984

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Definitions:

P-value

The chance of encountering outcomes in a test that are as extreme or exceed the observed findings, given that the null hypothesis holds.

Test Statistic

A value calculated from sample data that is used in hypothesis testing to decide whether to reject the null hypothesis.

P-values

Measures that help determine the significance of results obtained in statistical hypothesis testing, indicating the probability of observing results if the null hypothesis were true.

Levels Of Significance

A threshold in hypothesis testing that determines the probability at which the null hypothesis is rejected, often denoted by alpha.