[Objective: Understand the Hypothesis Test of Proportions from Two Populations]

question 46

Multiple Choice

[Objective: Understand the hypothesis test of proportions from two populations] Which of the following is not a condition that must be checked before proceeding with a two-sample test?

• A) Both samples must be large enough so that the product of each sample size ( n₁ and n₂ ) and the pooled estimate, is greater than or equal to 10 .
• B) Each sample must be a random sample.
• C) The samples must be independent of each other.
• D) Each sample must be from populations with the same standard deviation.

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Definitions:

Subjective Probabilities

Individual assessments or beliefs about the likelihood of future events, based on personal judgment rather than objective data.

Microeconomic Analysis

The examination of the economic behavior of individuals, households, and firms, focusing on market mechanisms and the determination of prices and quantities in specific markets.

Marginal Utility

The additional satisfaction or benefit a consumer gains from consuming one more unit of a good or service.

Expected Income

Expected income refers to the amount of money an individual or entity anticipates earning over a specific period, taking into account various factors like job stability, market conditions, and investments.