What Determines the Decision of Whether to Use a One-Tailed

question 15

Multiple Choice

What determines the decision of whether to use a one-tailed test or a two-tailed test when testing hypotheses to make inferences about a population mean?

• A) the sample size and the estimated standard error
• B) the nature of the situation and what the researcher is trying to demonstrate
• C) the level of significance of the test
• D) the sample size relative to the population size
• E) the standard error relative to the sample variance

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Definitions:

Long-run Supply Function

A relationship showing the quantity of goods that will be supplied over a longer period when all inputs can be varied.

Rental Apartments

Housing units that are available for rent, typically within a larger building or complex, offering living accommodation to tenants.

Equilibrium Price

The price at which the quantity of a good or service supplied equals the quantity demanded, resulting in market balance.

Equilibrium

A state in a market or economy where supply equals demand, and there is no incentive for change under current conditions.