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    Basic Business Statistics Study Set 3
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    Exam 9: Fundamentals of Hypothesis Testing: One-Sample Tests
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    If an Economist Wishes to Determine Whether There Is Evidence
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If an Economist Wishes to Determine Whether There Is Evidence

Question 3

Question 3

Multiple Choice

If an economist wishes to determine whether there is evidence that mean family income in a community equals $50,000


A) either a one-tail or two-tail test could be used with equivalent results.
B) a one-tail test should be utilized.
C) a two-tail test should be utilized.
D) None of the above.

Correct Answer:

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