If an Economist Wishes to Determine Whether There Is Evidence

question 40

Multiple Choice

If an economist wishes to determine whether there is evidence that average family income in a community exceeds $50,000

• A) a two-tailed test should be utilised.
• B) either a one-tailed or two-tailed test could be used with equivalent results.
• C) a one-tailed test should be utilised.
• D) None of the above.

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Definitions:

Common Threat

A shared danger or challenge that brings individuals or groups together to collaborate on finding a solution or to defend against the threat.

Group's Attractiveness

The quality that makes a group appealing or desirable to potential or current members based on factors like cohesion, prestige, and goal achievement.

Group Attractiveness

This refers to the perceived desirability of belonging to a particular group, influenced by factors like the group's status, achievements, and camaraderie.

Similarity Of Members

The degree to which individuals in a group or team share common characteristics, experiences, or backgrounds.