Reference: Ref 2-4 (Figure: PPF Mexico & U

question 16

Multiple Choice

Reference: Ref 2-4 (Figure: PPF Mexico & U.S.) Use the figure in which both Mexico and the United States each have 24 units of labor. The opportunity costs of producing one shirt are:

• A) one computer for Mexico and 1/6 of a computer for the United States.
• B) 1/6 of a computer for Mexico and one computer for United States.
• C) one computer for both Mexico and the United States.
• D) 1/6 of computer for both Mexico and the United States.

Determine and apply the rejection region in hypothesis testing.

Estimate and interpret the p-value in hypothesis testing.

Understand the robustness of the t-test under non-normal population distributions.

Calculate the value of A for specific confidence levels using sample size.