Determine the Decision Criterion for Rejecting the Null Hypothesis in the Given

question 165

Multiple Choice

Determine the decision criterion for rejecting the null hypothesis in the given hypothesis test; i.e., describe the values of the test statistic that would result in rejection of the null hypothesis.
-Suppose you wish to test the claim that $\mu _ { \mathrm { d } }$ , the mean value of the differences d for a population of paired data, is different from 0 . Given a sample of $n = 23$ and a significance level of $\alpha = 0.05$ , what criterion would be used for rejecting the null hypothesis?

• A) Reject null hypothesis if test statistic \(> 2.069\) or \(< - 2.069\).
• B) Reject null hypothesis if test statistic \(> 2.074\) or \(< - 2.074\).
• C) Reject null hypothesis if test statistic \(> 1.717\).
• D) Reject null hypothesis if test statistic \(> 1.717\) or \(< - 1.717\).

---

Definitions:

Deflation

A decrease in the general price level of goods and services, often indicating a contraction in the supply of money and credit in the economy.

Natural Resources

Raw materials supplied by nature that are used to produce goods and services.

Multilateral Assistance

Financial aid provided by multiple countries or international organizations to support economic development or humanitarian efforts in a recipient country.

Balance Of Payments

A comprehensive record of all transactions made between entities in one country and the rest of the world over a specified period of time.