When Testing for the Differences Between Two Percentages,a Computed Z

question 29

Multiple Choice

When testing for the differences between two percentages,a computed z value that is larger than the critical z value (i.e.+or -1.96) amounts to no support for:

• A)a significant difference
• B)the null hypothesis
• C)the alternative hypothesis
• D)null alternative
• E)none of the above

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Definitions:

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production, instead of earning income elsewhere.

Explicit Costs

Direct, out-of-pocket payments made for the operation of a business, such as wages, rent, and materials.

Accounting Profits

The difference between total revenues and explicit costs, representing the net income reported on a company's financial statements.