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Return on investment is the ratio of
Type II Error
The error that occurs when a hypothesis test fails to reject a false null hypothesis, also known as a false negative.
Level Of Significance
The threshold for determining whether a statistical result is not due to chance, often set at 0.05 or 5% in many scientific studies.
Sample Size
The amount of observations or data points obtained from a population for statistical analysis purposes.
Level Of Significance
The threshold for rejecting the null hypothesis in a statistical test, often denoted by alpha and representing the risk of a Type I error.
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