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When a nation is under-allocating resources to the production of a good, then the
Parametric Methods
Statistical methods that assume the data samples have a specific distribution.
Rigid Requirements
Strict, inflexible criteria or conditions that must be met or adhered to.
Right-tailed Wilcoxon Rank Sum Test
A non-parametric statistical test used to compare two independent groups to determine if one group's median is significantly greater than the other group's median.
Test Statistic
A value derived from sample data used in a hypothesis test to determine whether to reject the null hypothesis.
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