In a Statistical Test We

question 72

Multiple Choice

In a statistical test we:

• A)try to reject the null hypothesis.
• B)try to prove the alternative hypothesis.
• C)choose a null hypothesis that is easy to reject.
• D)choose a large level of significance if possible.

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Definitions:

Income

The total money received by an individual or household over a specified time period, including wages, salaries, benefits, and other earnings.

Positive Economic Statement

An objective statement based on facts that can be tested or validated, focusing on descriptions of what is rather than what ought to be.

Payroll Tax

Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Unemployment Rate

The proportion of the workforce that is unemployed and actively seeking work.