Examlex
What are the two categories of performance measures?
Significance Level
A threshold within hypothesis testing that determines whether to reject the null hypothesis, often denoted by alpha (α) and representing the probability of a Type I error.
Kilometres
A unit of length in the metric system equal to 1,000 meters, commonly used to measure distances between geographical locations.
Mean Number
The average value of a set of numbers, calculated by dividing the sum of all numbers by the count of those numbers.
Significance Level
In hypothesis testing, the threshold below which the p-value must fall for the results to be considered statistically significant, commonly set at 0.05.
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