puld like to get the highest paying job possible after graduating from UCR and are currentl er to enroll in ECON 108 in the fall term or not. You find a sample of recent UCR graduates nomics (there are no double majors in the samples). You sampled 100 Economics majors th. A 108 and you find that the average starting salary is 72K dollars, with a sample standard deu dollars. You sampled 75 Economics majors that did not take ECON 108 and you find that the ng salary is 65K dollars, with a sample standard deviation of 15K dollars. Which of the followi ments is most correct? am not very confident in the results of my hypothesis test because the range in which I fail to reject the null H is relatively large. I want to be very confident in the results of my hypothesis test, so the range in which I fail to reject the null hyp relatively large. OThe range in which I fail to reject is small, so I am relatively confident in my hypothesis test. DI want to minimize type I errors, so the confidence in my hypothesis test is relatively low.

puld like to get the highest paying job possible after graduating from UCR and are currentl er to enroll in ECON 108 in the fall term or not. You find a sample of recent UCR graduates nomics (there are no double majors in the samples). You sampled 100 Economics majors th. A 108 and you find that the average starting salary is 72K dollars, with a sample standard deu dollars. You sampled 75 Economics majors that did not take ECON 108 and you find that the ng salary is 65K dollars, with a sample standard deviation of 15K dollars. Which of the followi ments is most correct? am not very confident in the results of my hypothesis test because the range in which I fail to reject the null H is relatively large. I want to be very confident in the results of my hypothesis test, so the range in which I fail to reject the null hyp relatively large. OThe range in which I fail to reject is small, so I am relatively confident in my hypothesis test. DI want to minimize type I errors, so the confidence in my hypothesis test is relatively low.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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