You Are Testing a Two-Tailed Hypothesis

question 42

Multiple Choice

You are testing a two-tailed hypothesis. Based on the following results, the significance level is _____ and you _____ the null hypothesis.
 

• A) .0235 … do not reject
• B) .0235 … reject
• C) .047 … do not reject
• D) .047 … reject

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Definitions:

Utility Function

A mathematical representation in economics that explains how individuals rank preferences or choices to maximize satisfaction.

Indifference Curves

Indifference curves represent combinations of goods between which a consumer is indifferent, showing the trade-offs in consumption that yield equal satisfaction.

Horizontal Axis

In a graph or chart, the x-axis, which typically represents the independent variable or the base for measurement comparisons.

Vertical Axis

The y-axis on a graph or chart which is usually used to measure and represent the dependent variable.