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Which of the following statements about the Pearson chi-square test of independence is NOT true?
Tradable Licenses
Permits that can be bought and sold, allowing the holder to engage in a particular activity or emit a certain amount of pollutants.
Common Resources
Goods that are accessible to all members of a society but have a limited supply, leading to potential overuse.
Socially Optimal
A state or outcome in which resources are allocated in the most efficient manner from a societal perspective, maximizing social welfare.
Toll Road
A toll road is a public or private roadway for which a fee is assessed for passage. It generates revenue used for road construction, maintenance, or other transportation expenses.
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