Under What Circumstances Can a Very Small Treatment Effect Still

question 76

Multiple Choice

Under what circumstances can a very small treatment effect still be significant?​

• A)If the sample size (n) is very large​
• B)​If the sample standard deviation (σ) is very large
• C)​If the standard error of M (σ _M) is very large
• D)​All of the other three factors will result in a significant treatment effect.

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Definitions:

Labor

The combined physical and mental exertion employed in creating goods and services.

Marginal Physical Product

The change in total physical output that results from a one-unit increase in the quantity of one input, holding other inputs constant.

Marginal Revenue Product

The extra income derived from the use of an additional unit of a resource or input in production.

Input

Resources such as labor, materials, and capital that are used in the production process to create goods and services.