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For most goods in an economy,the signal that guides the decisions of buyers and sellers is
Null Hypothesis
A statement in hypothesis testing that proposes no significant difference or effect, serving as the default assumption to be tested against.
Probability
A measure quantifying the likelihood that certain events will occur.
Null Hypothesis
Re-phrased: The presumption in statistical testing that asserts no association or effect among studied variables.
Critical Value
A threshold in hypothesis testing that defines the boundary beyond which an observed test statistic is considered statistically significant.
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