Examlex
Where the transaction value of merchandise cannot be determined,the U.S.Bureau of Customs and Border Protection will look to the dutiable value of identical merchandise imported under similar circumstances.
Test Statistic
A calculated value from sample data that is used in a hypothesis test to decide whether to reject the null hypothesis.
Level of Significance
A criterion for judging the strength of evidence provided by the data against the null hypothesis, often denoted by alpha.
Significance Level
The probability of rejecting the null hypothesis in a statistical test when it is actually true, used to assess the evidence against the null hypothesis.
Type I Error
The error that occurs in hypothesis testing when a true null hypothesis is incorrectly rejected, often referred to as a "false positive."
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