-Refer to the Above Diagram

question 90

Multiple Choice

-Refer to the above diagram.Which tax system has the least built-in stability?

• A) T₄
• B) T₃
• C) T₂
• D) T₁

---

Definitions:

P-Value

The probability of obtaining test results at least as extreme as the ones observed, assuming that the null hypothesis is correct.

Left Tailed

Pertaining to a one-sided test in statistics where the critical area is on the left side of the distribution curve.

Test-Statistic

A value calculated from sample data during a hypothesis test, used to decide whether to reject the null hypothesis.

P-Value

The probability of obtaining a test statistic at least as extreme as the one observed, under the assumption that the null hypothesis is true, used in hypothesis testing to determine statistical significance.