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Use the Table Below to Answer the Following Questions

question 12

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Use the table below to answer the following questions.
Table 2.4.2
Production for one week by Sheila and Bruce
Use the table below to answer the following questions. Table 2.4.2 Production for one week by Sheila and Bruce    -Given the information in Table 2.4.2, which one of the following is true? A) Sheila has a comparative advantage in good X. B) Bruce has a comparative advantage in good X. C) The opportunity cost to Bruce of an additional unit of X is 0.4 units of Y. D) A and B E) B and C
-Given the information in Table 2.4.2, which one of the following is true?


Definitions:

P > 0.05

Indicates that the probability of obtaining the observed data, or more extreme, under the null hypothesis is greater than 5%, suggesting results are not statistically significant.

T Test

A statistical test used to compare the means of two groups to determine if they are significantly different from each other.

P < 0.05

Indicates that the probability of obtaining the observed data, or more extreme, under the null hypothesis is less than 5%, suggesting statistically significant results.

Significant Correlation

A statistical relationship between two variables that is unlikely to be due to chance at a specified level of significance.

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