We Conduct the Following Hypothesis Test

question 38

Multiple Choice

We conduct the following hypothesis test .For a random sample of 15 observations,the sample standard deviation is 12.Which of the following is the correct approximation of the p-value used to conduct this test?

• A) p-value lies between 0.025 and 0.05
• B) p-value lies between 0.01 and 0.025
• C) p-value lies between 0.05 and 0.10
• D) p-value is greater than 0.10

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Definitions:

Preferences

In economics, the individual tastes or desires that dictate the choices made by consumers based on the satisfaction or utility they get.

Risk

The uncertainty as to the future returns of a particular financial investment or economic investment.

Occupational Segregation

The division of labor in which certain jobs are more frequently held by members of a particular gender, ethnicity, or race.

Crowding Model

is a theory suggesting that too much investment in a particular area can reduce its overall effectiveness or efficiency.