Author Question: What cannot be defined as an aggregate output? a. Pounds of processed cheese c. Hours of catering ... (Read 122 times)

karen · **on:** Aug 1, 2018

What cannot be defined as an aggregate output?
a. Pounds of processed cheese c. Hours of catering service delivered
b. Number of patients seen d. Total number of workers

Question 2

A portfolio manager was analyzing the price-earnings ratio for this year's performance. His boss said that the average price-earnings ratio was 20 for the many stocks, which his firm had traded, but he felt that figure was too high. The portfolio manager randomly selected a sample of 50 P/E ratios and found a mean of 18.17 and standard deviation of 4.60 . Assume that the population is normally distributed and test at the 0.01 level of significance. The decision is: Because the test statistic t = 2.81 is greater than 2.33, reject H0 . At the 0.01 level, the sample data suggest that the average P/E ratio for the stocks is less than 20.
Indicate whether the statement is true or false