Following Is a Sample of Five Matched Pairs $\begin{array}{llllll}\hline \text { Sample 1 } & 15 & 21 & 14 & 17 & 24 \\\text { Sample } 2 & 22 & 16 & 20 & 14 & 20 \\\hline\end{array}$

question 38

Multiple Choice

Following is a sample of five matched pairs.
$\begin{array}{llllll}\hline \text { Sample 1 } & 15 & 21 & 14 & 17 & 24 \\\text { Sample } 2 & 22 & 16 & 20 & 14 & 20 \\\hline\end{array}$

Let $\mu _ { 1 }$ and $\mu _ { 2 }$ represent the population means and let $\mu _ { \mathrm { d } } = \mu _ { 1 } - \mu _ { 2 }$ . A test will be made of the hypotheses $H _ { 0 } : \mu _ { \mathrm { d } } = 0$ versus $H _ { 1 } : \mu _ { \mathrm { d } } > 0$ . Compute the test statistic.

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Definitions:

Market Economy

An economy in which decisions about production and consumption are made by individual producers and consumers.

Public Goods

Items that cannot be restricted to non-payers and whose consumption by one individual does not diminish availability to others; these are accessible to all, regardless of payment.

Positive Externalities

External benefits.

Common Resource

A type of good that is non-excludable but rivalrous, meaning it is available to everyone but its consumption by one person can limit availability to others.