Advanced Placement (AP)
Advanced Placement (AP), 26.10.2020 21:10, ugum

What does it mean if a product has a high level of elasticity? demand will change in line with the price

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Advanced Placement (AP), 23.06.2019 05:20, nashville9678
On a certain portion of an experiment, a statistical test result yielded a p-value of 0.18. what can you conclude? 2(0.18) = 0.36 < 0.5; the test is not statistically significant. if the null hypothesis is true, one could expect to get a test statistic at least as extreme as that observed 18% of the time, so the test is not statistically significant. if the null hypothesis is true, one could expect to get a test statistic at least as extreme as that observed 82% of the time, so the test is not statistically significant. 0.18 > 0.05; the test is statistically significant. p = 1 - 0.18 = 0.82 > 0.05; the test is statistically significant.
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