Suppose We Use a Permutation Test to Test a One-Sided

question 30

Multiple Choice

Suppose we use a permutation test to test a one-sided alternative hypothesis and estimate the P-value to be 0.02.If we used 1600 resamples,what is the approximate standard deviation of the estimated P-value?

• A)0.0000123
• B)0.0005
• C)0.0035
• D)This question makes no sense.P-values do not have standard deviations.

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Definitions:

Producer Surplus

The discrepancy between the price at which producers are inclined to sell a product and the actual price they get, frequently viewed as an indicator of the well-being of producers.

Tax

A mandatory monetary fee or a different kind of tax placed on an individual or entity by a government agency.

Producer Surplus

The gap between the minimum amount that sellers are prepared to accept for a product or service and the higher price they actually get.

Consumer Surplus

The deviation between what consumers intend and are able to spend on a good or service compared to their final payment.