Examlex
Suppose Country A has a high average wage level and a high level of output per person,while Country B has a low average wage level and a low level of output per person.Which country can benefit from trade?
Degrees of Freedom
The number of independent values or quantities which can vary in the analysis without violating any constraints.
P(t > t)
A statistical expression used to compute the probability that the test statistic t exceeds a certain value, often used in hypothesis testing.
Skewed
A distribution that is not symmetrical around its central value, indicating that the data points tend to be more spread out on one side of the scale.
Student t
A distribution that is used in hypothesis testing, especially for small sample sizes, when the population standard deviation is unknown.
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