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The ________, Established in 1947 and Modified in 1994, Was

question 72

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The ________, established in 1947 and modified in 1994, was designed to promote world trade by reducing tariffs and other international trade barriers.


Definitions:

Rejection Region

The range of values in hypothesis testing for which the null hypothesis is rejected, based on the chosen level of significance.

Two-Sided Hypothesis

A hypothesis test that allows for an effect in two directions, either greater than or less than a specific value, not limiting the expected effect to one direction.

Null Hypothesis

A stated hypothesis that there is no significant difference or effect, often denoted as H0, to be tested against the alternative hypothesis.

Type I Error

The incorrect rejection of a true null hypothesis or a false positive in hypothesis testing.

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