Describe the Null Hypothesis for the Test of Independence $x ^ { 2 }$

question 76

Essay

Describe the null hypothesis for the test of independence. List the assumptions for the $x ^ { 2 }$ test of independence.

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Definitions:

Domestic Producers

Local or national firms and individuals that produce goods and services within a country.

Free Trade

The absence of tariffs, duties, or trade barriers between countries, allowing for the unrestricted exchange of goods and services.

Sold Quantity

The total number of units of a product sold within a specific time period.

Import Quota

A specific limit on the quantity of a particular good that can be imported into a country to protect domestic industries from foreign competition.