In Testing for Differences Between the Means of Two Paired

question 101

Multiple Choice

In testing for differences between the means of two paired populations, an appropriate null hypothesis would be:

• A) H0 : μD = 2
• B) H0 : μD = 0
• C) H0 : μD < 0
• D) H0 : μD > 0

---

Definitions:

Complements

Two goods for which an increase in the price of one leads to a decrease in the demand for the other.

Budget Constraints

A representation of the trade-offs between different goods and services that a consumer can afford with their limited income.

Optimum

The most favorable condition or level for growth, reproduction, or efficiency, or the best or most efficient use of resources.

Substitution Effect

The financial concept where consumers opt for cheaper alternatives when prices increase or their income falls.