Examlex
Accounts payable turnover is an important measure of liquidity for a retail business.
Correct Decision
An accurate conclusion or choice made based on statistical analysis or reasoning.
P-value
A measure in statistics that helps you determine the significance of your results, indicating the probability of observing your data or something more extreme if the null hypothesis is true.
P-value
The probability of finding the observed, or more extreme, results when the null hypothesis of a study question is true.
Null Hypothesis
A hypothesis used in statistical testing that assumes there is no significant difference or effect, serving as the premise to be tested against the alternative hypothesis.
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