An Independent-Measures Research Study Uses Two Samples,each with N =

question 72

Multiple Choice

An independent-measures research study uses two samples,each with n = 10 participants.If the data produce a t statistic of t = 2.095,which of the following is the correct decision for a two-tailed hypothesis test?

• A)Reject the null hypothesis with α = .05 but fail to reject with α = .01
• B)Reject the null hypothesis with either α = .05 or α = .01
• C)Fail to reject the null hypothesis with either α = .05 or α = .01
• D)Cannot answer without additional information

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Definitions:

Marginal Revenue

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

Marginal Cost

The hike in overall costs when one extra unit of a product or service is produced.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing surplus remaining after all costs have been paid.

Entry Barriers

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.