3 years ago

As a researcher, what would you do if you set to reject the null and found the null to be true?

1 answer:

4 0

Set the significance level of the probability of making a type error to be small 0.01, 0.05, or 0.10 compare the P value to if the P value is less than or equal to reject the no hypothesis in favor of the alternative hypothesis.

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At your future job, you get an unexpected raise from $50,000 a year to $75,000 a year. With the increased income, you decide to

seropon [69]

The Marginal propensity to consume is 0.4

Here, we are calculating the marginal propensity to consume (MPC).

Change in Income = New Income - Old Income

Change in Income = $75,000 - $50,000

Change in Income = $25,000

Change in Consumption = New Consumption - Old Consumption

Change in Consumption = $40,000 - $30,000

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Marginal propensity to consume = Change in Consumption / Change in Income

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Marginal propensity to consume = 2/5

Marginal propensity to consume = 0.4

Therefore, the Marginal propensity to consume is 0.4.

Read more about MPC:

<em>brainly.com/question/13957387</em>

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