Economists assume that people are rational in the sense that A. they generally make the correct choices. B. they make decisions based on total, rather than marginal, variables. C. they use all available information as they take actions intended to achieve their goals. D. they do not respond to economic incentives.

Let the sample size of leg strengths be 7 and the sample mean and sample standard deviation be 945 watts and 48 watts, respectively. (a) is there evidence that leg strength exceeds 900 watts at significance level 0.05? find the p-value. there is , evidence that the leg strength exceeds 900 watts at ? -0.05. 0.001 < p-value 0.005 0.05 p-value < 0.10 0.10 p-value < 0.25 o 0.010 p-value 0.025 (b) compute the power of the test if the true strength is 915 watts. (c) what sample size would be required to detect a true mean of 915 watts if the power of the test should be at least 0.9? n= exact number, no tolerance