Use the Table Below to Answer the Following Questions

question 65

Multiple Choice

Use the table below to answer the following questions.
Table 20.2.4

-Refer to Table 20.2.4. Net domestic income at market prices is equal to

• A)$2,150.
• B)$1,920.
• C)$2,400.
• D)$1,940.
• E)$2,350.

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Definitions:

Null Hypothesis

A statement or hypothesis that suggests there is no statistical significance between the two variables being studied or no effect of an experimental variable.

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.