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The management of a water park has concerns about the chlorine level of 0.4% mg/mL increasing to an unsafe level.The management tests the hypothesis that the park's chlorine proportions have remained the same,hat are the null and alternative hypotheses?
Microeconomist
A specialist in microeconomics, which deals with the economic behavior of individuals, households, and firms, and how decisions are made on the allocation of resources.
Macroeconomist
An economist who specializes in macroeconomics, studying aggregated indicators and the behavior of the economy as a whole, including inflation, unemployment, and economic growth.
Normative Statement
A statement that reflects an opinion, value judgment, or what ought to be, rather than what is empirically verifiable.
Positive Statement
An objective statement based on facts that can be tested and validated, used in contrast to normative statements which express opinions or what ought to be.
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