What is the difference between simple hypothesis and a composite hypothesis? Why might economists choose one over the other? Give an example.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter6: Ratio, Proportion, And Probability
Section: Chapter Questions
Problem 4CR
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What is the difference between simple hypothesis and a composite hypothesis? Why might economists choose one over the other? Give an example. 

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