Scott and Cindy Both Produce Only Pizza and Tacos

question 258

Multiple Choice

Scott and Cindy both produce only pizza and tacos.In one hour,Scott can produce 20 pizzas or 40 tacos.In one hour,Cindy can produce 30 pizzas or 40 tacos.Based on these data,

• A) Cindy has a comparative advantage at producing tacos.
• B) Scott has a comparative advantage at producing tacos.
• C) Cindy and Scott have the same comparative advantage in producing tacos.
• D) neither Cindy nor Scott has a comparative advantage in producing tacos.
• E) Cindy and Scott have the same comparative advantage in producing pizzas.

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Definitions:

P-value

A statistical measure that helps to determine the significance of results, indicating the probability of observing the results given that the null hypothesis is true.

Null Hypothesis

Null hypothesis refers to a statement used in statistics that suggests no statistical significance exists in a set of given observations.

Alternative Hypothesis

The alternative hypothesis is a statement in hypothesis testing that proposes a specific relationship between variables, contrasting the null hypothesis.

One-sided Test

A hypothesis test in which the region of rejection is on only one side of the sampling distribution, assessing either a lower or upper tail.