Examlex
A system for studying strategic behavior in economics is called
P-value
The p-value is a measure of the probability of observing results at least as extreme as those measured when the null hypothesis of a study is true.
Correct Decision
A decision made in statistical hypothesis testing that accurately reflects the true state of the world.
Type I Error
The mistake of rejecting a true null hypothesis or falsely claiming to detect an effect that does not actually exist.
Type II Error
A statistical mistake made by failing to reject a false null hypothesis; not detecting an effect or difference when there actually is one.
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