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Describe the common methods that nations use to control trade across their borders.
Level of Significance
A statistical measure that determines the threshold at which the null hypothesis is rejected, often denoted by alpha (α).
Null Hypothesis
A statistical presumption positing that there is no notable difference or impact.
Statistical Probability
A measure quantifying the likelihood that an event will occur, calculated based on statistical evidence.
T-test
A technique in statistics for comparing the means of two groups to see if they differ in a statistically significant way.
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