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A(n) __________ has features of a customs union but goes a step further by eliminating barriers that restrict the movement of labor,capital,and technology among member nations.
Level Of Significance
A threshold in hypothesis testing below which the null hypothesis is rejected, indicating statistical significance.
P-Value
The probability of obtaining a test statistic at least as extreme as the one observed during a test, assuming the null hypothesis is true.
Rejection Rules
Guidelines used in hypothesis testing that determine the circumstances under which the null hypothesis should be rejected.
P-Value
Assuming the null hypothesis is applicable, it refers to the chance of recording test results that are at least as notable as the ones actually experienced.
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