State the Critical Value(s)for the Following Two-Tailed T Test at a .05

question 69

Multiple Choice

State the critical value(s) for the following two-tailed t test at a .05 level of significance: t( ) .

• A)±1.645
• B)±1.96
• C)the same as for a two-tailed z test at a .05 level of significance
• D)both B and C

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Definitions:

Utility-maximizing

Refers to the economic principle where individuals or households attempt to get the highest level of satisfaction from their resources.

Income

The money received, especially on a regular basis, for work or through investments.

Marginal Utility

The increased enjoyment or value one gets from the consumption of an extra unit of a good or service.

Marginal Utility

The added satisfaction or usefulness obtained from using one more unit of a product or service.