Examlex
When the government imposes a specific tax per unit on a product, changes in consumer surplus are ________ and changes in producer surplus are ________.
Column Variable
A variable in data represented by columns in a table, often used in statistical analyses to differentiate groups or conditions.
Critical Value
A threshold value that defines the boundary of the critical region, where if the test statistic exceeds this value, the null hypothesis is rejected.
Alpha
A threshold value used in hypothesis testing that represents the level of significance, typically set at 0.05 or 0.01, indicating the probability of wrongly rejecting the null hypothesis.
Chi-square Statistic
A statistical measure used to determine if there is a significant relationship between two categorical variables.
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