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In a goodness-of-fit test,the null hypothesis states that the data came from a normally distributed population.The researcher estimated the population mean and population standard deviation from a sample of 200 observations.In addition,the researcher used 5 standardized intervals to test for normality.Using a 10% level of significance,the critical value for this test is 4.60517.
Marc Levinson
An economist, historian, and author known for his work on globalization, economics, and the history of business and technology.
Laffer Curve
An economic theory proposing that there is an optimal tax rate that maximizes government revenue without discouraging productivity and investment.
Marginal Tax Rates
The rate of tax applied to the last dollar of income, which varies depending on income level and tax bracket.
Tax Revenue
The income that a government receives from taxation of individuals and businesses.
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