Examlex
When trade is ________, patterns of trade and trade flows result from the independent decisions of thousands of importers and exporters, as well as millions of private households and firms.
Significance Level
The probability threshold below which the null hypothesis is rejected in statistical testing, often denoted by alpha.
Gross Sales
The total revenue generated from sales before any deductions like returns, discounts, or allowances.
Significance Level
The threshold used in hypothesis testing that determines whether the observed results are statistically significant.
Null Hypothesis
The default hypothesis that there is no effect or no difference, tested against an alternative hypothesis in statistical analysis.
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