In Testing at the 5% Significance Level, a Sample

question 39

Multiple Choice

In testing at the 5% significance level, a sample of size 20 is used. The rejection region is:

• A) -.377. 377
• B) .777 or-.377
• C) .450 or-.450
• D) -.450. 450
• E) none of these

---

Definitions:

Allocate Resources

The process of distributing available resources among various competing needs and desires to achieve desired outcomes.

Efficiently

Achieving maximum productivity with minimum wasted effort or expense.

Inflation

The pace at which the full spectrum of goods and services' pricing ascends, weakening the power of acquisition.

Value Of Money

The purchasing power of money, or the amount of goods and services that one unit of money can buy, often influenced by inflation.