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Anitza realized she was going to need a new computer for college. She recognized her old computer was slow and not able to run the software required for her marketing research class. She took her time with this decision, as it was quite expensive and she realized there were important differences among the computers she was considering. After considerable research, Anitza bought a new Dell XPS 17. For Anitza, the purchase of her computer can be considered:
Critical Value
A threshold in hypothesis testing that determines the boundary for rejecting or failing to reject the null hypothesis.
Critical Value
A point on the scale of the test statistic beyond which we reject the null hypothesis; it marks the threshold of statistical significance.
P Value
The probability of obtaining test results at least as extreme as the observed results, assuming that the null hypothesis is correct.
Null Hypothesis
A statement proposing no significant difference or relationship between variables, serving as a default assumption to be tested against.
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