The Denominator in the Formula for the T-Statistic Is __________ $\sqrt{\pi}$

question 41

Multiple Choice

The denominator in the formula for the t-statistic is __________.

• A) s_M
• B) σ_M
• C) σ
• D) \(\sqrt{\pi}\)

---

Definitions:

Marginal Cost

The extra expense resulting from the manufacture of an additional unit of a product or service.

Competitive Price-Taker

A market participant who cannot influence the price on the market but instead must accept the prevailing market price.

Marginal Revenue

The additional income earned from selling one more unit of a good or service.

Competitive Price-Taker

A market participant who accepts the prevailing market prices as given because they have no power to influence those prices due to intense competition.