Examlex
Related to the Economics in Practice on p. 127: In the U.S. from 1955 to 1996, the labor force participation rate increased for ________ and decreased for ________.
p < .05
A statistical significance level indicating that the probability of the observed data occurring by chance is less than 5%.
Experimental Group
The experimental group in a scientific experiment refers to the group of subjects who receive the variable being tested, in contrast to the control group.
Mean
The mathematical average of a set of numbers, calculated by adding them together and dividing by the number of terms in the set.
Descriptive Statistics
Statistical methods that summarize and organize the characteristics of a dataset, including measures like mean, median, mode, and standard deviation.
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