Examlex
Discuss the characteristics of the modern theories of international trade.
Statistical Probability
The likelihood of an event occurring based on a mathematical model, often expressed as a number between 0 and 1.
T-test
A statistical test used to compare the means of two groups to determine if they come from the same population.
Alpha
A predetermined threshold in hypothesis testing that defines the probability of making a Type I Error, usually set at 0.05, indicating a 5% risk of false positive.
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