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Refer to the information provided in Figure 23.3 below to answer the question(s) that follow. Figure 23.3
-Refer to Figure 23.3. The equation for the aggregate saving function is
Type II Error
Occurs when a statistical test fails to reject a false null hypothesis, also known as a false negative.
Null Hypothesis
A hypothesis that states there is no statistical significance between the two variables in the hypothesis. It posits no effect or no difference as a default stance to be tested against.
Alternative Hypothesis
A statement that contradicts the null hypothesis and proposes that there is a statistically significant relationship between two variables.
Null Hypothesis
A default statement that there is no effect or no difference, often used as a starting assumption in statistical hypothesis testing.
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