Examlex
Which of the following describes the purpose of anchors?
Critical Value
The threshold value that a test statistic must exceed to reject the null hypothesis in a statistical test.
Significance Level
The probability of rejecting the null hypothesis in a statistical test when it is in fact true. It is used to determine the threshold of statistical significance.
Population Variances
A measure of the dispersion or spread of a population's values, calculated as the average of the squared differences from the population mean.
Sample Variance
A measure of the dispersion of a sample dataset, calculating how much the sample data points deviate from the sample mean.
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