Exhibit 6-1 Production of Pizza Data Exhibit 6-1 Shows the Change in the Production of Pizzas

question 12

Multiple Choice

Exhibit 6-1 Production of pizza data $$\begin{array} { | c | c | } \hline \text { Workers } & \text { Pizzas } \\\hline 0 & 0 \\1 & 4 \\2 & 10 \\3 & 15 \\4 & 18 \\5 & 19 \\\hline\end{array}$$ Exhibit 6-1 shows the change in the production of pizzas as more workers are hired. The marginal product of the second employee equals:

• A) 4.
• B) 10.
• C) 14.
• D) 6.

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Definitions:

Independent Samples

Two or more groups of observations that are collected from separate populations and are not related or connected in any way.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true; a measure of the risk of making a Type I error.

Test Statistic

A calculated value used in statistical testing to determine whether to reject the null hypothesis.

T Value

A measure derived in a t-test that shows the size of the difference relative to the variation in your sample data.