If 100 People Take a Test and 20 of Those

question 65

Multiple Choice

If 100 people take a test and 20 of those testtakers answer a particular item correctly,then the p value of the item is

• A) .25.
• B) .20.
• C) .40.
• D) .04.

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Definitions:

Free-Trade Policy

A policy approach that encourages international trade by minimizing tariffs, duties, and other barriers to import and export.

World Price

The international market price of a good or service, determined by global supply and demand, which influences domestic prices and competition.

International Trade

The exchange of goods, services, and capital across international borders or territories, driven by economic motives like gaining access to new markets or acquiring resources.

Unilateral Approach

A strategy or action taken by a single nation or entity independently, without coordination with others.