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In Order to Formulate Whether or Not the Alternative Hypothesis

question 17

Essay

In order to formulate whether or not the alternative hypothesis is one-sided or two-sided, you need some guidance from economic theory. Choose at least three examples from economics or other fields where you have a clear idea what the null hypothesis and the alternative hypothesis for the slope coefficient should be. Write a brief justification for your answer.


Definitions:

Buyer

A person or entity that purchases goods or services for personal use, resale, or as part of industrial processes.

Influencer

An individual with the power to affect the purchasing decisions of others due to their authority, knowledge, position, or relationship with their audience.

User

An individual or entity that utilizes a product, service, or system.

Risky Shift

is a phenomenon where a group collectively agrees on a course of action that is more extreme than they would have decided individually.

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