Given That a Test of Significance Was Done for a Two-Sided

question 43

Multiple Choice

Given that a test of significance was done for a two-sided test and the P-value obtained was 0.02,what would be the P-value for a one-sided significance test?

• A)0.02
• B)0.04
• C)0.01
• D)0

---

Definitions:

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Unemployment

The total number of people over 16 who are ready, willing, and able to work, who have been unsuccessfully seeking employment.

Closed Shop Agreement

A labor agreement requiring employees to be members of a specific union as a condition of being hired and to remain in the union for the duration of their employment.

Wages

Compensation provided to employees for their work, usually determined on the basis of hours, days, or the amount of work completed.