An economic theory is
An economic theory is
A). An axiom
B). A proposition
C). A hypothesis
D). A tested hypothesis
1 answers
A tested hypothesis
An economic theory is a tested hypothesis. Hypothesis testing is an act in statistics whereby an analyst tests an assumption regarding a population parameter. The methodology employed by the analyst depends on the nature of the data used and the reason for the analysis. Hypothesis testing is used to infer the result of a hypothesis performed on sample data from a larger population.
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