Finding a small value of the p-value (e.g. less than 5%)
A) indicates evidence in favor of the null hypothesis.
B) implies that the t-statistic is less than 1.96.
C) indicates evidence in against the null hypothesis.
D) will only happen roughly one in twenty samples.
Answer: C) indicates evidence in against the null hypothesis.
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Which of the following is NOT considered to be in the labor force?
A) a student who works part-time B) a person who is not working but who has tried to find a job in the past week C) a person who is waiting to start a new job in the next 30 days D) a person who is not working and who has not tried to find a job
If an economy tried to use bananas as money, which function would bananas likely have the most difficult time fulfilling?
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