Which Combination of Factors Is Most Likely to Result in a Significant

question 5

Multiple Choice

Which combination of factors is most likely to result in a significant outcome for a hypothesis test?

• A)​a small sample size and a small variance
• B)​a small sample size and a large variance
• C)a large sample size and a small variance
• D)​a large sample size and a large variance

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Definitions:

Positive Externalities

Benefits experienced by third parties or society at large as a result of an economic activity, without the third party incurring any cost.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning no one can be prevented from using them and one person's use does not reduce availability to others.

Consumer Surplus

The gap between what consumers are prepared and can afford to pay for a product or service, and what they end up paying in reality.

Producer Surplus

The difference between the amount producers are willing to accept for a good versus what they actually receive.