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A firm should hire more workers to increase its profits if
P-value
A statistical measure indicating the probability of observing test results at least as extreme as those actually observed, assuming that the null hypothesis is true.
Standard Deviation
A measure that indicates the amount of variation or dispersion of a set of values from the mean (average) of that set.
Resamples
The process of taking repeated samples from observed data, often with replacement, to perform statistical inference.
Standard Deviation
A statistic that measures the dispersion or variation of a set of values from their mean, indicating how spread out the values are.
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