When the Federal Government Is in Debt, It Follows That

question 100

True/False

When the federal government is in debt, it follows that it has a deficit.

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Definitions:

Significance Tests

Statistical tests used to determine whether there is enough evidence in a sample of data to infer that a certain condition holds for the entire population.

Alternative Hypothesis

A statement that contradicts the null hypothesis and is tested to determine if the null hypothesis can be rejected.

SRS

Simple Random Sample, which is a subset of individuals chosen from a larger set where each individual has the same probability of being selected.

P-value

The probability of obtaining test results at least as extreme as the ones observed during the test, assuming that the null hypothesis is correct.