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The ability to profit by purchasing wheat in the U.S.and selling it in China implies that the
Alternative Hypothesis
A hypothesis that contradicts the null hypothesis, proposing a new effect or relationship.
Null Hypothesis
A standard assumption that posits no meaningful difference or impact exists, usually examined in contrast with a contrasting hypothesis during statistical evaluation.
Two-sided
Pertaining to tests or intervals in statistics that consider both directions or sides of a distribution, typically involving a range of values both above and below a certain point.
Population Mean
The average of a set of properties, characteristics, or values in a population.
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