Question: e. Suppose that beer industry representatives hypothesize that the marginal propensity to buy beer out of an additional dollar of income is $0.01. Conduct a

e. Suppose that beer industry representatives hypothesize that the marginal propensity

e. Suppose that beer industry representatives hypothesize that the marginal propensity to buy beer out of an additional dollar of income is $0.01. Conduct a hypothesis test to determine if there is any validity to their conjecture. Use of = 1%

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