If the Null Hypothesis Is Rejected at a 1% Significance

question 79

Multiple Choice

If the null hypothesis is rejected at a 1% significance level, then ________.

• A) the null hypothesis will be rejected at a 5% significance level
• B) the alternative hypothesis will be rejected at a 5% significance level
• C) the null hypothesis will not be rejected at a 5% significance level
• D) the alternative hypothesis will not be rejected at a 5% significance level

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Definitions:

Exchange Economy

Market in which two or more consumers trade two goods among themselves.

Production Process

The series of steps or actions taken to transform inputs (like labor and materials) into final products or services.

Contract Curve

In economics, a curve that represents the set of optimal allocations of resources or goods for which both parties can be no better off with any other division.

Efficient Allocations

The process of distributing resources in a way that optimally utilizes them to achieve maximum productivity and utility without any wastage.