In Hypothesis Tests About P₁ - P₂, the Pooled Estimator

question 6

Multiple Choice

In hypothesis tests about p₁ - p₂, the pooled estimator of p is a​(n)

• A) ​simple average of and ​ .
• B) ​weighted average of and .
• C) ​geometric average of and .
• D) ​exponential average of and .

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Definitions:

Tariff

a tax imposed on imported goods and services, intended to make foreign commodities less price-competitive than domestic goods.

Imports

Imports are goods and services bought by residents of a country from another country, which results in an outflow of currency to foreign markets.

Domestic Consumers

Individuals or entities within a country that purchase goods and services for personal use.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another.