Twenty Economists Were Sampled and Asked to Predict If the National

question 82

Multiple Choice

Twenty economists were sampled and asked to predict if the national economy would improve during the next 12 months. Eleven of the economists predicted an increase, two economists predicted no change, and seven economists predicted a decrease in the economy. Conduct a hypothesis test at the 0.10 significance level to determine if the majority of economists predict an increase. The null hypothesis is:

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Definitions:

Freudian Therapy

A mode of psychoanalytic therapy developed by Sigmund Freud, focusing on uncovering unconscious conflicts and motivations through techniques like dream analysis and free association.

Personality Types

Categorizations of different patterns of behavior, thought, and emotion that define an individual's personal style and influence their interactions with others.

Evidence

Information or signs that are used to determine whether beliefs or propositions are true or valid, particularly within the framework of forming a solid foundation for a scientific hypothesis or legal case.

Radical Addition

A type of chemical reaction where free radicals add to double or triple bonds in unsaturated substrates to form more stable radicals.