In the Year ________, for the First Time in 30

question 85

Multiple Choice

In the year ________, for the first time in 30 years, the federal government ran a surplus.

• A) 1980
• B) 1985
• C) 1990
• D) 1998

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Definitions:

Obtained Value

The actual value or result derived from a statistical test or experimental measurement.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis; it's determined by the chosen significance level.

Statistical Significance

Statistical significance is a determination that the observed results in data are not due to random chance, typically indicated by a p-value less than a predetermined threshold.

Hypothesized Reason

An assumed explanation or cause developed for the purpose of testing through research or experimentation.