Briefly Discuss Some of the Difficulties That Exist When Comparing

question 17

Essay

Briefly discuss some of the difficulties that exist when comparing the size of the government sectors across economies.Provide examples.

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Definitions:

Null Hypothesis

In hypothesis testing, it's the presumption that no significant difference exists as a result of the experiment or intervention.

Significance

The likelihood that a result from data collected and analyzed is not due to chance. It’s often determined through the use of a p-value.

Null Hypothesis

A hypothesis that there is no significant difference or effect in a particular situation, used as a starting point for statistical testing.

Significantly Different

A term used to describe a result in statistical analyses indicating that observed differences or effects are unlikely to have occurred by chance.