5 1 point D Given that the number of data is large enough, the researcher can use the normal distribution to determine whether to reject the null hypothesis or not. The followings are the quantiles of the standard normal distribution: Quantiles .95 .975 .99 .995 N(0,1) 1.6449 1.9600 2.3263 2.5758 Then, with the t-statistic in the above problem, the researcher concludes that the price of soda in Town A is 5% more expensive than Town B (at the 5% significance level). True False

5 1 point D Given that the number of data is large enough, the researcher can use the normal distribution to determine whether to reject the null hypothesis or not. The followings are the quantiles of the standard normal distribution: Quantiles .95 .975 .99 .995 N(0,1) 1.6449 1.9600 2.3263 2.5758 Then, with the t-statistic in the above problem, the researcher concludes that the price of soda in Town A is 5% more expensive than Town B (at the 5% significance level). True False

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 5E

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