A Herfindahl-Hirschman Index of 10,000 Would Mean There Is (Are)how

question 177

Multiple Choice

A Herfindahl-Hirschman Index of 10,000 would mean there is (are) how many firm(s) in the industry?

• A)1
• B)10
• C)1,000
• D)10,000

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Definitions:

Alpha

A threshold value used in hypothesis testing that determines the level of significance, often set at 0.05.

Type I Error

A Type I error occurs in hypothesis testing when a true null hypothesis is incorrectly rejected, falsely indicating a significant effect or difference when there is none.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, typically denoted as alpha.

P < .01

Indicates that the probability of the observed data occurring by chance is less than 1%, suggesting strong evidence against the null hypothesis.