Assume That You Plan to Use a Significance Level Of \alpha

question 21

Multiple Choice

Assume that you plan to use a significance level of $\alpha = 0.05$ to test the claim that $p _ { 1 } = p _ { 2 }$ Use the given sample sizes and numbers of successes to find the P -value for the hypothesis test.
$\begin{array} { l l } n _ { 1 } = 100 & n _ { 2 } = 100 \\x _ { 1 } = 38 & x _ { 2 } = 40\end{array}$

• A) 0.1610
• B) 0.2130
• C) 0.0412
• D) 0.7718

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Definitions:

Leftward Shift

This denotes a movement to the left on a graph, often used in economics to indicate a decrease in supply or demand, leading to changes in price and quantity in the marketplace.

Consumer's Budget Line

A graphical representation of all possible combinations of goods and services that a consumer can purchase with a given income.

Money Income

The total amount of monetary earnings from wages, investments, rentals, and other sources before any deductions like taxes or other expenses.

Prices

The amount of money expected, required, or given in payment for something, reflecting the value of goods or services in monetary terms.