Which of the Following Is an Example of Human Capital

question 128

Multiple Choice

Which of the following is an example of human capital?

• A)the comfortable chair in your dorm room where you read economics texts
• B)the amount you get paid each week to work at the library
• C)the things you have learned this semester
• D)any capital goods that require a human to be present to operate

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Definitions:

T-statistic

A ratio that is derived from the standardized difference between two sample means divided by the standard error of the difference, used in hypothesis testing.

Sample Mean

The average value computed from a sample set of data, representative of the population mean.

Hypothesized Population Mean

This is an assumed average of a particular characteristic in a population, used as a standard for hypothesis testing in statistical analysis.

Region of Rejection

The area in the tail(s) of a statistical distribution where, if a test statistic falls, the null hypothesis is rejected in favor of the alternative hypothesis.