What Is the Critical T-Value for a Right-Tailed Test When

question 11

Multiple Choice

What is the critical t-value for a right-tailed test when = 0.025 and d.f.= 12?

• A)2.179
• B)2.831
• C)2.228
• D)1.869

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Definitions:

Comparative Advantage

Comparative advantage refers to the ability of a country to produce a certain good more efficiently and at a lower opportunity cost than another country.

Absolute Advantage

The capacity of a nation, person, or company to generate a greater quantity of a product or service than its rivals with an identical level of resources.

Trade

The exchange of goods, services, or both between parties, often involving the transfer of money.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type; commodities are often used as inputs in the production of other goods or services.