Examlex
The aggregate supply curve shows how much the nation's businesses are willing and able to produce at each price level.
Test Statistic
A value calculated from sample data that is used in statistical hypothesis testing to determine whether to reject the null hypothesis.
Correlation Coefficient
A measure indicating the extent to which two variables change together, ranging from -1 to 1.
One-tailed Test
A hypothesis test in which the values for which we can reject the null hypothesis are located entirely in one tail of the probability distribution.
Two-tailed Test
A statistical hypothesis test in which the area of rejection is on both tails of the normal distribution, testing for the possibility of both positive and negative differences.
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