Under What Circumstances Is a Very Small Treatment Effect Still

question 5

Multiple Choice

Under what circumstances is a very small treatment effect still likely to be statistically significant?

• A) If the sample size is small and the sample variance is small
• B) If the sample size is small and the sample variance is large
• C) If the sample size is large and the sample variance is small
• D) If the sample size is large and the sample variance is large

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Definitions:

Rival Firms

Companies that compete against one another in the same industry or market for customer base and market share.

Concentration Ratio

A measure of the market share held by the largest firms within an industry, used to assess the level of competition.

Motor Vehicle Industry

The sector of the economy associated with the production, marketing, and maintenance of motor vehicles.

MC2

A formula representing the equivalence of mass (m) and energy (E), with c2 signifying the speed of light squared, as theorized by Albert Einstein in his theory of relativity.