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-For the data above, which of the following statements is true? 1-The 2 statistic is 4.167. 2-The 2 statistic is 6.25. 3-The p-value is less than 0.01.
Mass Transit
Public transportation systems designed to move large numbers of people efficiently via buses, trains, subways, and other modes of transport.
Price Elasticity
A gauge of the responsiveness of the quantity of a good supplied or sought after to fluctuations in its price.
Equilibrium Point
A state in a market where the supply of goods matches demand, resulting in stable prices and quantities.
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