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Recently, a study was done to determine whether the median speed on a section of highway is the same for cars versus trucks. A sample of 12 cars (n1 = 12) and 15 trucks (n2 = 15) was collected. If the Mann-Whitney U test is to be performed using an alpha = .05, the test critical U value is 49.
Secondary Effects
The unintended consequences of economic actions, which can occur as indirect results of a policy or event.
Economic Actions
Decisions or behaviors taken by individuals, firms, or governments that affect the production, distribution, and consumption of goods and services.
Positive Economic Statement
An objective statement about the economy that can be tested and validated through observation.
Government Control
The involvement or intervention by governmental bodies in regulating or directing economic activities, market practices, and industry standards.
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