Suppose That in Brazil Total Annual Output Is Worth $600

question 59

Multiple Choice

Suppose that in Brazil total annual output is worth $600 million and people work 30 million hours.In Peru total annual output is worth $800 million and people work 50 million hours.Productivity is higher

• A)in Brazil.Most variation in the standard of living across countries is due to differences in productivity.
• B)in Brazil.Differences in productivity explain very little of the variation in the standard of living across countries.
• C)in Peru.Most variation in the standard of living across countries is due to differences in productivity.
• D)in Peru.Differences in productivity explain very little of the variation in the standard of living across countries.

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Definitions:

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, often relevant in the context of statistical tests.

Two-sample T Procedure

The two-sample T procedure is a statistical method used to compare the means of two independent samples to determine if there is a significant difference between them.

Sample Size

The number of observations or data points that are included in a statistical sample.

Two Sample T Procedures

Statistical tests that compare the means of two independent samples to determine if there is a statistically significant difference between them.