Examlex
What is "rent seeking?" How does it apply to restricting imports?
Type I Error
Occurs when a true null hypothesis is incorrectly rejected.
Cheated
Engaged in dishonest behavior to gain an unfair advantage, often in a context such as an exam or competition.
Type II Error
Occurs when a false null hypothesis is not rejected.
Statistical Power
The probability that a statistical test will correctly reject a false null hypothesis, a measure of a test's ability to detect an effect if there is one.
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