Determine Whether the Alternative Hypothesis Is Left-Tailed, Right-Tailed, or Two-Tailed $H _ { 0 } : \mu = 11 \quad H _ { 1 } : \mu < 11$

question 3

Multiple Choice

Determine whether the alternative hypothesis is left-tailed, right-tailed, or two-tailed.
$H _ { 0 } : \mu = 11 \quad H _ { 1 } : \mu < 11$

• A) two-tailed
• B) right-tailed
• C) left-tailed

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Definitions:

Government Securities

Debt instruments issued by a government to finance its expenditures, offering a return to investors.

Simple Money Multiplier

The reciprocal of the required reserve ratio, or 1/r; the maximum multiple of fresh reserves by which the money supply can increase.

Required Reserve Ratio

The fraction of deposits that banks are required to hold in reserve, either in their vaults or with the central bank, not to be used for loans.

Excess Reserves

The excess funds that a bank or financial institution maintains beyond the minimum mandated by regulatory bodies, creditors, or its own internal policies.