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When most currency speculators expect the Canadian dollar to appreciate, the
Sample Mean
The average of all observations in a sample, calculated by summing the values and dividing by the sample size.
Critical Value
A point on the scale of the test statistic beyond which we reject the null hypothesis; it marks the boundary for deciding whether an observed test statistic is extreme.
Null Hypothesis
A statement used in statistical testing that assumes no significant difference or relationship exists between specified populations.
Standard Error
The standard deviation of the sampling distribution of a statistic, commonly used to measure the precision of the sample mean estimate.
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