When conducting a hypothesis test, you obtain a large p-value. This implies ... a- that the observed value is consistent with the null hypothesis b- a rejection of the null hypothesis c- the observed value is larger than cut-off value specified by the test d- that the t-satistic is large What is the answer?
When conducting a hypothesis test, you obtain a large p-value. This implies ... a- that the observed value is consistent with the null hypothesis b- a rejection of the null hypothesis c- the observed value is larger than cut-off value specified by the test d- that the t-satistic is large What is the answer?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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When conducting a hypothesis test, you obtain a large p-value. This implies ...
a- that the observed value is consistent with the null hypothesis
b- a rejection of the null hypothesis
c- the observed value is larger than cut-off value specified by the test
d- that the t-satistic is large
What is the answer?
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