Based on Data from Two Very Large Independent Samples, Two $$\alpha = 0.05$$

question 725

Multiple Choice

Based on data from two very large independent samples, two students tested a hypothesis about
Equality of population means using $$\alpha = 0.05$$
5) One student used a one-tail test and rejected the null
Hypothesis, but the other used a two-tail test and failed to reject the null. Which of these might
Have been their calculated value of t?

• A) 2.66
• B) 1.88
• C) 2.22
• D) 1.22
• E) 1.55

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Definitions:

Inelastic Supply

A scenario in which the amount of a product or service provided is not significantly affected by variations in its price.

Luxury Tax

A tax imposed on expensive goods which are considered non-essential, aimed at discouraging their purchase or generating government revenue from luxury items.

Elastic Demand

A condition in which the quantity demanded of a good or service greatly changes in response to changes in its price.

Inelastic Supply

A situation where the quantity of a good supplied by producers is relatively insensitive to changes in its price.