For Large Enough Sample Sizes, 95% of the Possible Sample

question 3

True/False

For large enough sample sizes, 95% of the possible sample mean differences will be within 1.96 standard errors of the population mean difference.

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Definitions:

Initial Endowment

The initial quantity of assets, goods, or resources that an agent or economy possesses at the start of a period.

Competitive Equilibrium

A state in a market where supply equals demand, and no participant has the ability to influence prices.

Demand Equals Supply

An economic condition where the quantity demanded by consumers matches the quantity supplied by producers, leading to market equilibrium.

Numeraire

A standard unit of measurement in economics used to represent prices or values of other goods in terms of this unit.