If the Null Hypothesis Is Not Rejected, It Can Be

question 50

Short Answer

If the null hypothesis is not rejected, it can be assumed the proportions are 67)
and the differences in them are due to chance.

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Definitions:

Workers

Individuals engaged in a particular task or activity for wages or salary.

Price Floor

A government- or group-imposed price control or limit on how low a price can be charged for a product.

Equilibrium Price

The cost factor at which the supply side and demand side of goods reach an equilibrium in the market.

Market Surplus

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to price reductions.