Question

Suppose there are only three things you can do rather than attend a community social event, and you can do at most one of them: • read a novel which you value at $9 worth of satisfaction, • do some studying, which you think will lead to $2 worth of satisfaction, or • watch videos with some friends, which you value at $7 worth of satisfaction. If you have to buy a ticket to the social event, and this ticket costs $5, then your economic cost of the social event is: Select one: a. $14 b. $5 c. $9 d. $23 

          Suppose there are only three things you can do rather than attend a community social
event, and you can do at most one of them:
• read a novel which you value at $9 worth of satisfaction,
• do some studying, which you think will lead to $2 worth of satisfaction, or
• watch videos with some friends, which you value at $7 worth of satisfaction.
If you have to buy a ticket to the social event, and this ticket costs $5, then your
economic cost of the social event is:
Select one:
a. $14
b. $5
c. $9
d. $23
Show more…
Suppose there are only three things you can do rather than attend a community social event, and you can do at most one of them: • read a novel which you value at 9 worth of satisfaction, • do some studying, which you think will lead to2 worth of satisfaction, or • watch videos with some friends, which you value at 7 worth of satisfaction. If you have to buy a ticket to the social event, and this ticket costs5, then your economic cost of the social event is: Select one: a. 14 b.5 c. 9 d.23

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Suppose there are only three things you can do rather than attend a community social event, and you can do at most one of them: read a novel which you value at $9 worth of satisfaction, do some studying, which you think will lead to $2 worth of satisfaction, or watch videos with some friends, which you value at $7 worth of satisfaction. If you have to buy a ticket to the social event, and this ticket costs $5, then your economic cost of the social event is: Select one: a. $14 b. $5 c. $9 d. $23 Suppose there are only three things you can do rather than attend a community social event, and you can do at most one of them: : read a novel which you value at $9 worth of satisfaction : do some studying, which you think will lead to $2 worth of satisfaction, or : watch videos with some friends, which you value at $7 worth of satisfaction If you have to buy a ticket to the social event, and this ticket costs $5, then your economic cost of the social event is: Select one: O a. $14 0 b. $5 0 C. $9 O d. $23 -
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Transcript

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00:04 So, in null hypothesis, h0, the proportion of adult building social network site is the same for all 4 countries.
00:21 Alternative hypothesis, the proportion of adult building social network site is not the same for all countries.
00:31 So, the alternative h0 and h1 for the answer test is the freedom.
01:03 You can use this for the test for independent students that are not used the proportion of adult building social network sites are the same for all countries.
01:14 The degree of freedom for this test would be 1 .4 -1 .5.
01:28 You are seeing the 3 -square test is equal to the error.
02:00 The error indicates the probability of observing the test.
02:03 It is s3 and s4.
02:06 One computer from the data assuming the null hypothesis is true.
02:12 Assuming this one is true.
02:19 Using a 5 % level of significance alpha plus 0 .05, we will compare the p -value with the significance derivative.
02:39 The p -value is less than 0 .05.
02:44 We will reject the null hypothesis and conclude that there is a good answer.
02:48 The proportion of adult building social network site is not true...
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