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Economists believe that resources should be used as efficiently as possible to:
Rejection Region
In hypothesis testing, the range of values for which the null hypothesis is rejected, indicating that the observed data is highly unlikely under the null hypothesis.
Wilcoxon Rank Sum Test
A nonparametric test that compares two independent groups to assess if their populations have the same distribution.
Wilcoxon Rank Sum Test
This is a method in statistics, not based on parameter assumptions, used for comparing the mean ranks of two distinct samples to see if they differ.
Ordinal
A type of categorical data where the order of the values is significant, but the difference between successive values is not necessarily constant.
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