Q1. Chris also Tony's Production Opportunities
Tomatoes Pasta Sauce
Chris 10 lbs 300 jars
Tony 14 lbs 280 jars
Chris also Tony both produce tomatoes also pasta sauce. The table elucidates how their possible production every month if both work the same number of 8 hour days. Which of the following statements is correct?
Q2. Test the hypothesis that the mean growth rate from 1960-1995 is the same for countries with lorgdp60 = 1 as it is for countries with lorgdp60 = 0, against the alternative that they differ, at the 5% significance level.