Tail Graph -Using the Above Graph,choose the Answers That Indicate a Two-Tail

question 78

Short Answer

Tail graph
-Using the above graph,choose the answers that indicate a two-tail test:
Area 1: ____________________
Area 2: ____________________
Area 3: ____________________

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Definitions:

Adam Smith

A Scottish economist and philosopher, considered the father of modern economics, best known for his work "The Wealth of Nations."

Efficient

The characteristic of maximizing output or effectiveness with the least waste of time, resources, or effort.

Opportunities

Chances or circumstances that allow for growth, development, or success in various areas such as business, personal life, or education.

Marginally Optimal

Describes an economic decision where the marginal benefit from the last unit of good or service consumed or produced is equal to its marginal cost.