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When there is a surplus of a product in an unregulated market, there is a tendency for
P-value
The likelihood of getting test outcomes that are at least as significant as those seen in the test, under the assumption that the null hypothesis holds correct.
Z
In statistics, typically refers to a standard score indicating how many standard deviations an element is from the mean.
Null Hypothesis
A hypothesis in statistical analysis that assumes no significant difference or effect exists between certain characteristics, conditions, or variables.
Significance Level
The significance level, also known as alpha, is a pre-determined threshold for statistical significance, used to decide whether an observed effect is not due to chance.
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