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When using the chi-square statistic in cross-tabulation,the null hypothesis (H₀)will be rejected only when the calculated value of the test statistic is greater than the critical value of the chi-square distribution with the appropriate degrees of freedom.
Agricultural Economist
A professional specializing in the study and application of economic principles within the agricultural sector, focusing on maximizing efficiency and productivity.
Corn Prices
The cost at which corn is bought or sold, which can fluctuate based on factors like supply, demand, and market conditions.
Supply and Demand Curves
Graphical representations used in economics to show the relationship between the quantity of a good that producers wish to sell at various prices and the quantity that consumers wish to buy.
Decrease in Demand
A reduction in the quantity of a product or service that consumers are willing or able to purchase at a given price.
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