Examlex
Macroeconomics helps explain economic fluctuations,why the economy shrinks and expands,and why some of the economy's resources are idle.
Test Statistic
A quantity derived from sample data and used in statistical hypothesis testing to decide whether to reject the null hypothesis.
P-Value
The likelihood of witnessing outcomes in a test that are as extreme or more so than the observed ones, provided that the null hypothesis is accurate.
Randomized Block Experiment
An experimental design that aims to reduce the effects of variables known as blocks by randomly assigning treatments within each block.
Rank Sums
A statistic used in non-parametric tests that involves summing the ranks of observations in one of two samples when comparing medians.
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