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Golf Course Designer Roberto Langabeer Is Evaluating Two Sites,Palmetto Dunes σ\sigma

question 58

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Golf course designer Roberto Langabeer is evaluating two sites,Palmetto Dunes and Ocean Greens,for his next golf course. He wants to prove that Palmetto Dunes residents (population 1) play golf more often than Ocean Greens residents (population 2) . Roberto commissions a market survey to test this hypothesis.The market researcher used a random sample of individuals from each suburb,and reported the following:  Golf course designer Roberto Langabeer is evaluating two sites,Palmetto Dunes and Ocean Greens,for his next golf course. He wants to prove that Palmetto Dunes residents (population 1) play golf more often than Ocean Greens residents (population 2) . Roberto commissions a market survey to test this hypothesis.The market researcher used a random sample of individuals from each suburb,and reported the following:   <sub>1</sub> = 16 times per month and   <sub>2</sub> = 14 times per month. Assume that   \sigma <sub>1</sub> = 4 and   \sigma <sub>2</sub> = 3.With  \alpha  = .01,the appropriate decision is _____________. A)  do nothing B)  reject the null hypothesis   \sigma <sub>1</sub> <   \sigma <sub>2</sub> C)  accept the alternate hypothesis  \mu <sub>1</sub>-  \mu <sub>2</sub> > 0 D)  reject the alternate hypothesis n<sub>1</sub> = n<sub>2</sub> = 64 E)  do not reject the null hypothesis  \mu <sub>1</sub> -  \mu <sub>2</sub> = 0 1 = 16 times per month and  Golf course designer Roberto Langabeer is evaluating two sites,Palmetto Dunes and Ocean Greens,for his next golf course. He wants to prove that Palmetto Dunes residents (population 1) play golf more often than Ocean Greens residents (population 2) . Roberto commissions a market survey to test this hypothesis.The market researcher used a random sample of individuals from each suburb,and reported the following:   <sub>1</sub> = 16 times per month and   <sub>2</sub> = 14 times per month. Assume that   \sigma <sub>1</sub> = 4 and   \sigma <sub>2</sub> = 3.With  \alpha  = .01,the appropriate decision is _____________. A)  do nothing B)  reject the null hypothesis   \sigma <sub>1</sub> <   \sigma <sub>2</sub> C)  accept the alternate hypothesis  \mu <sub>1</sub>-  \mu <sub>2</sub> > 0 D)  reject the alternate hypothesis n<sub>1</sub> = n<sub>2</sub> = 64 E)  do not reject the null hypothesis  \mu <sub>1</sub> -  \mu <sub>2</sub> = 0 2 = 14 times per month. Assume that σ\sigma 1 = 4 and σ\sigma 2 = 3.With α\alpha = .01,the appropriate decision is _____________.

Appreciate the roles of expectations in determining the effectiveness of monetary policy.
Understand the theoretical foundations and implications of the Phillips curve.
Identify the effects of aggregate demand and supply shocks on the economy.
Comprehend the concept of monetary neutrality and its long-term implications.

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