Suppose Data Were Collected from Ten Women and Twelve Men

question 11

Essay

Suppose data were collected from ten women and twelve men about the length in minutes of their commute to work. The histogram for men was roughly normal, but the histogram for women was strongly skewed to the right. Explain why the t-test is not the best test of whether men and women have different typical commute times.

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Definitions:

Perfectly Competitive

A perfectly competitive market is one where there are many buyers and sellers, all dealing in identical products, and where no single entity can influence the market price.

Perfectly Elastic

Describes a market situation in which the quantity demanded or supplied changes by an infinite amount in response to any change in price.

Demand Curve

A graphical representation showing the relationship between the price of a product and the amount of it that consumers are willing to purchase at various prices.

Perfectly Competitive

A perfectly competitive market is one where there are many sellers and buyers, homogeneous products, and no barriers to entry or exit, resulting in market prices determined by supply and demand.