McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Arts in Economics (BA Economics) .
| 51. |
The power of a statistical test is defined as, |
| A. | 1-β |
| B. | 1 + β |
| C. | 1 |
| D. | β |
| Answer» A. 1-β | |
| 52. |
Standard error is defined as, |
| A. | standard deviation of the sampling distribution |
| B. | standard deviation of the population |
| C. | variance of the sampling distribution |
| D. | variance of the population |
| Answer» A. standard deviation of the sampling distribution | |
| 53. |
Student t test is preferred in the case of a, |
| A. | small sample |
| B. | large sample |
| C. | when sample is below 50 |
| D. | when sample is above 50 |
| Answer» A. small sample | |
| 54. |
Cobb Douglas production function is an example of : |
| A. | linear model |
| B. | double log model |
| C. | lin log model |
| D. | log lin model |
| Answer» B. double log model | |
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