Examlex
Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms tends to
P-value
A measure in statistical hypothesis testing that helps determine the significance of results.
Two-Tailed Test
A statistical test of hypothesis where the area of interest spans both tails of the distribution, allowing for investigation of deviations in two opposite directions.
Sample Proportions
The fraction or percentage of observations in a sample that fall into one particular category or class.
Standard Error
The standard deviation of the sampling distribution of a statistic, commonly the mean, indicating the variation of a sample statistic from the population parameter.
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