Examlex
According to the accompanying figure,if the price is $5,the firm is making:
Obtained Value
The actual value measured or calculated from a statistical test, which is compared against the critical value to draw conclusions.
Test Computation
The process of calculating results from test data, often using statistical methods to analyze the data.
Test Statistic
A value calculated from sample data during a hypothesis test that is used to determine the probability of observing the given or more extreme data if the null hypothesis is true.
T Value
A statistic calculated in a T-Test that determines the size of the difference relative to the variation in the sample data.
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