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Use the given information to find the P-value. Also, use a 0.05 significance level and state the conclusion about the null
hypothesis (reject the null hypothesis or fail to reject the null hypothesis) .
-With , the test statistic is z = 0.78.
Externality
An outcome from economic behavior that impacts individuals not directly involved, which may be beneficial or harmful.
Initial Assignment
The initial distribution or allocation of tasks, responsibilities, or resources at the start of a project or process.
Liability Rule
A legal principle that allows for compensation when someone's action causes harm or loss to another, even without an agreement between the parties.
Injunction
A legal order by a court requiring a person or entity to do or cease doing a specific action.
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