Economics (M.Phil./Ph.D.) 2022 Panjab University Entrance Exam With Answers

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30.

Arrange the following steps in sequence for calculation of test of significance for larger sample.

1. State the null hypothesis
2. Compute the statistics
3. Determine the level of significance
4. Compute the critical value by testing the value of ‘Z’
5. Compare the value of test statistics 2 with the critical value to arrive at a decision
Select the correct answer using the codes given below
A: 1,2,3,4,5
B: 2,3,4,5,1
C: 1,3,2,4,5
D: 5,4,3,2,1

The answer is: A

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