The Uruguay Round of GATT Negotiations Created the World Trade

question 95

True/False

The Uruguay Round of GATT negotiations created the World Trade Organization to promote international trade and to settle international trade disputes.

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Definitions:

Inferential Statistics

A branch of statistics that allows for making predictions or inferences about a population based on a sample of data.

Mutually Exclusive

Events that cannot occur simultaneously, indicating that the happening of one precludes the occurrence of the other.

Hypothesis Testing

A statistical method to decide whether to accept or reject a hypothesis based on sample data.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is true. Often denoted by alpha, it's a measure of the risk of a Type I error.