If We Have Two Samples of Size 27 and 34

question 10

Multiple Choice

If we have two samples of size 27 and 34 that generate a U-statistic value of 273, what Z-statistic does this approximate to?

• A) -1.80
• B) -2.10
• C) -2.40
• D) -2.70

---

Definitions:

Surplus

The amount of a good that is available exceeds the quantity demanded at the current price.

Price

Price is the amount of money required to purchase a good or service, determined by factors such as supply and demand, production costs, and market competition.

Surplus

Surplus refers to the situation where the quantity of a good or service supplied exceeds the quantity demanded, often leading to a decrease in prices.

Producer Surplus

Producer surplus is the difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting the profit earned above production costs.