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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In calculating the 95% confidence interval for μ1 - μ2 the difference between the means of two normally distributed populations,the summary statistics from two independent samples are:
nx = 10,
= 50,
= 0.64,ny = 10,
= 40,and
= 1.86.
-What is the upper confidence limit of the 95% confidence interval if the Population variances are unknown and are assumed to be equal?
International Trade
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Autarky Price
The price of a good in a country under the condition of autarky, where the country does not engage in international trade.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision or choosing to undertake one action over another.
Computer
An electronic device capable of performing calculations and tasks according to a set of instructions called programs.
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