When there are ∞ degrees of freedom, the t∞ distribution
A) can no longer be calculated.
B) equals the standard normal distribution.
C) has a bell shape similar to that of the normal distribution, but with "fatter" tails.
D) equals the distribution.
Answer: B) equals the standard normal distribution.
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A . What will happen to rents earned by landowners if population grows? Why? b. Will population growth ensure rents for all landowners? Explain
Refer to the accompanying table. ________ has the comparative advantage in making pies and ________ the comparative advantage in making cakes. Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. Martha; Martha B. Julia; Julia C. Julia; Martha D. Martha; Julia
Which of the following will not cause a shift in the demand for resource X?
A. A decline in the price of resource X. B. An increase in the price of the product resource X is producing. C. A decrease in the price of substitute resource Y. D. An increase in the productivity of resource X.
Whenever the absolute value of the price elasticity of demand is greater than 1, but less than infinite
A. demand is perfectly elastic. B. demand is unit elastic. C. demand is elastic. D. demand is inelastic.