From World War II Until 2008, the U

question 18

Multiple Choice

From World War II until 2008, the U.S. has experienced:

• A) eleven recessions.
• B) nine recessions and one depression.
• C) a continuous period of economic growth.
• D) ten recessions.

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Definitions:

Two-Tail

Describes tests or intervals in statistics that consider extreme values in both tails of the distribution to test hypotheses or compute confidence intervals.

P-Value

The probability of observing data at least as extreme as the data actually observed, under the assumption that the null hypothesis is true.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, used as a starting point for statistical testing.

P-Value

The probability of observing test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is true.