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If Testing for a 4 Cm or More Difference in Means

question 18

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If testing for a 4 cm or more difference in means between two populations using a two-sample t-test with a = 0.05, what would the approximate (i.e., using a desired power of 0.80) minimum sample size be for each of the samples if the population standard deviation is 16 cm?

Understand the principles of absolute and comparative advantage as proposed by Adam Smith and David Ricardo.
Recognize the benefits of specialization and trading based on comparative advantage.
Identify how resource endowments influence a nation's trade patterns.
Analyze the role of production possibilities curves in comparing national production capabilities.

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