In Testing the Hypotheses
H₀: the Two Population Locations Are $n _ { A } = 6$

question 82

Essay

In testing the hypotheses
H₀: The two population locations are the same
H₁: The location of population A is to the left of the location of population B,
with data drawn from two independent samples, the following statistics are calculated: $n _ { A } = 6$ , $T _ { A } = \mathbf { 3 2 }$ , $n _ { B } = 8$ , $T _ { B } = 73$ .
a. Which test is used for testing the hypotheses above?
b. What is the p-value of this test?

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Definitions:

Long-Run Average Cost Curve

A graphical representation that shows the minimum average cost of production at various levels of output when all inputs, including capital, are variable.

Diseconomies of Scale

A situation in which a company or business grows so large that the costs per unit increase with the level of output.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the scale of the operant increases, typically leading to a lower cost per unit.

Short-Run Losses

Financial deficits experienced by a business or project within a brief period, often due to initial start-up costs or market fluctuations.