I the T Distribution Is Based on the Assumption That

question 11

Multiple Choice

i. The t distribution is based on the assumption that the population of interest is normal or nearly normal. ii. The t distribution is a discrete distribution.
iii. There is not one t distribution, but rather a "family" of t distributions.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

Distinguish between positive and normative economics.

Comprehend the implication of unintended consequences in economic policies.

Evaluate economic definitions and statements for their validity and applicability.

Recognize the importance of opportunity cost in economic decision-making.

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