Other Things the Same,which of the Following Could Explain an Increase

question 79

Multiple Choice

Other things the same,which of the following could explain an increase in productivity?

• A)either an increase in human capital or an increase in physical capital
• B)an increase in human capital but not an increase in physical capital
• C)an increase in physical capital but not an increase in human capital
• D)neither an increase in human capital nor an increase in physical capital

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Definitions:

Significance Level

The likelihood of incorrectly dismissing the null hypothesis in a statistical analysis, commonly represented by alpha, when it is in fact correct.

Type I Error

The mistake of rejecting the null hypothesis when it is actually true, commonly referred to as a "false positive" result.

Alpha (α)

A pre-specified significance level in hypothesis testing, representing the probability of making a Type I error, or falsely rejecting the null hypothesis.

Hypothesis Test

A statistical method used to determine if there is enough evidence in a sample of data to infer that a certain condition holds true for the entire population.