Globalization of the Economy Has Contributed to a Significant Decrease

question 12

True/False

Globalization of the economy has contributed to a significant decrease in wealth and income inequality in the United States.

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Definitions:

Population

The entire group of individuals or items that share one or more characteristics, from which samples may be drawn for statistical analysis.

Sample Value

A single observation or measurement taken from a larger set of data, known as a sample.

Significant Difference

A statistical assessment that shows that the observed results in a study were unlikely to have occurred by chance.

Standard Error

The standard deviation of the sampling distribution of a statistic, typically used to measure the accuracy of sample mean estimates.