Answer:
<em>Hypothesis Testing</em>
Explanation:
<em>The use of statistics to assess the probability of a given assumption being accurate </em>is <u>hypothesis testing</u>. The typical hypothesis testing process is made up of four stages.
- Establish the hypothesis null.
- Recognize a test metrics which can be used to determine the null hypothesis truth.
- Calculate the P-value, that is the likelihood that if the null hypothesis is true, a test result would be obtained at least as large as the one observed.
- Measure the p-value with an appropriate alpha value.
Answer:
The order, in terms of relative size, will be as follows:
(b) Consumption
(c) Investment
(a) Net Exports
Explanation:
The aggregate demand consists of the sum of four components which are government spending, consumption, investment and net exports.
Amongst which the consumption is the largest component of all, as it represents the total income spent by an individual or household on the goods and services in the economy. It's calculation is dependent of several factors such as disposable income, interest rates and future economic conditions.
Investment is the second largest component, after consumption, as shifts in it's value results in improvement/fall on the quality and quantity factors of production in the long run.
In terms of size when compared with the other components, the Net Exports stands as the smallest component. Practically due to the fact that it is calculated after deducting imports from exports.
Answer:
Answer is explained in the attachment.
Explanation:
It depends on your Health