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What is a 1% significance level?

What is a 1% significance level? In decision theory, this is known as a Type I error. The probability of a Type I error is equal to the significance level , and the probability of rejecting the null hypothesis when…

What is meant by scarcity definition?

What is meant by scarcity definition? Scarcity is one of the key concepts of economics. It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the…

What does CPE mean in law?

What does CPE mean in law? Common Professional Examination The Common Professional Examination/Postgraduate Diploma in Law (CPE/PGDL) is a postgraduate law course in England and Wales that is taken by non-law graduates (graduates who have a degree in a discipline…

How do you identify agate stones?

How do you identify agate stones? Inspect the surface of the stone for pit marks. Agates sometimes form in igneous rock and are surrounded by softer rock that erodes away, which can result in surface pitting. Slide your fingers into…