Find the Appropriate P-Value to Test the Null Hypothesis, H₀

question 22

Multiple Choice

Find the appropriate p-value to test the null hypothesis, H₀: p₁ = p₂, using a significance level of 0.05.
-A random sampling of sixty pitchers from the National League and fifty-two pitchers from the American League showed that 16 National and 11 American League pitchers had E.R.A's below 3.5.

• A)123.710
• B)0.680
• C)10.184
• D)0.884

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Definitions:

Keynesian Economics

An economic theory advocating for government intervention to regulate demand in the economy, primarily through fiscal policy.

Monetary Policy

The process by which the monetary authority of a country, like the central bank, controls the supply of money, often targeting an inflation rate or interest rate to ensure economic stability and growth.

Business Cycle

The natural fluctuation of the economy between periods of expansion (growth) and contraction (recession), often influenced by government policy.

Macroeconomic Policy

involves government actions aimed at influencing the overall economic performance of a country, including policies on inflation, unemployment, and economic growth.