The T Test We Reject the Null Hypothesis When

question 46

Multiple Choice

The t Test We reject the null hypothesis when.

• A)the computed value of t equals the critical value of t.
• B)the computed value of t is less extreme than the critical value of t.
• C)the computed value of t is more extreme than the critical value of t.
• D)the computed value of t is equal to or more extreme than the critical value of t.

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

Unit Costs of Production

The total expense incurred by a company to produce, store, and sell one unit of a particular product or service.

Diseconomies of Scale

The condition in which a firm’s costs per unit of output increase as the firm increases in size or scale of operation.