From 1979-2007, the Share of Market Income for the Bottom

question 59

True/False

From 1979-2007, the share of market income for the bottom 99 percent of U.S. households decreased.

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Definitions:

Rejection Rules

Guidelines used in hypothesis testing that determine the circumstances under which the null hypothesis should be rejected.

P-Value

Assuming the null hypothesis is applicable, it refers to the chance of recording test results that are at least as notable as the ones actually experienced.

Level Of Significance

The probability of rejecting the null hypothesis when it is actually true, often denoted by alpha (α).