What Does the Number 2

question 24

Multiple Choice

What does the number 2.001 represent in the following: t₍₅₈₎ = 2.001, p < .05?

• A)test statistic
• B)t value
• C)degrees of freedom
• D)significance level

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Definitions:

Marginal Benefit

The heightened pleasure or utility a person obtains from the additional consumption of a unit of a good or service.

Gadgets Production

The process of creating and manufacturing devices, often electronic, that are designed to perform a particular function or task.

Marginal Cost

The cost incurred by producing one additional unit of a good or service.

Sunk Cost

A cost that has already been incurred and is not recoverable.