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It Is Impossible for One Person to Have a Comparative

question 59

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It is impossible for one person to have a comparative advantage in all tasks.


Definitions:

Null Hypothesis

In statistical testing, it is the default assumption that there is no difference or effect, intended to be either rejected or not rejected based on data.

Type II Error

The error that occurs when a false null hypothesis is not rejected, also known as a false negative.

P Value

In hypothesis testing, the probability that the observed data (or a more extreme) would occur if the null hypothesis were true.

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