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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The following data were generated from a matched pairs experiment.
-State the appropriate null and alternative hypotheses to determine whether the two population means differ at 10% significance level.
Returns To Scale
The rate at which production increases in response to proportional increases in all inputs.
Returns To Scale
The rate at which output changes if the scale of all inputs is changed by the same proportion in the production process.
Input
Resources used in the production process to generate goods or services, including labor, raw materials, and capital.
Output
The total amount of goods or services produced by a company, sector, or economy within a specific time period.
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