Examlex
If consumption is defined as C = 1,350 + 0.6Y,then the marginal propensity to consume is 0.6.
Variance
The determination of the variability within a dataset, found by averaging the squares of the differences from the mean value.
P-value
The likelihood of getting test outcomes that are at least as significant as those seen in the test, under the assumption that the null hypothesis holds correct.
Z
In statistics, typically refers to a standard score indicating how many standard deviations an element is from the mean.
Null Hypothesis
A hypothesis in statistical analysis that assumes no significant difference or effect exists between certain characteristics, conditions, or variables.
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