The "Administrative" Version of Utilitarianism Considers Competitive Markets to Be

question 15

True/False

The "administrative" version of utilitarianism considers competitive markets to be the most efficient means of maximizing happiness.

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Definitions:

P-Value

Under the assumption that the null hypothesis is valid, it is the probability of observing test results that are as extreme or even more so than the ones actually observed.

Sample Evidence

Data or material obtained from a select group out of a larger population, used to infer or make generalizations about the population.

Standard Deviation

It quantifies the variability or dispersion across a set of data points by calculating the average distance from the mean for each data point.

Variance

A statistical measure of the spread of a set of scores, calculating the average of the squared differences from the mean.