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Figure 30-1
-Refer to Figure 30-1. If the money supply is MS2 and the value of money is 4, then there is an excess
Nonparametric Statistical Test
A type of statistical test that does not assume an underlying distribution for the data, often used when data do not meet the assumptions required for parametric tests.
Research Situation
The specific contextual framework or setting in which a study or scientific inquiry is conducted.
One-sample Chi-square
A statistical test that assesses the goodness-of-fit between observed frequencies and expected frequencies in one categorical variable.
One-sample Chi-square Test
A statistical test used to determine if the distribution of categorical variables differs from a hypothesized distribution.
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