Examlex
A process cost accounting system provides for a separate record of the cost of each particular quantity of product that passes through the factory.
One-Tailed Test
A hypothesis test in which the region of rejection is only on one side of the sampling distribution, used when a research hypothesis predicts a direction of the effect.
P-Value
The p-value measures the evidence against the null hypothesis, indicating the probability of observing the test results under the null hypothesis.
Two-Tailed
Pertains to a type of hypothesis test where the area of interest is in both tails of the distribution, indicating that deviations from the null hypothesis in either direction are considered.
Alternative Hypothesis
In statistical hypothesis testing, it is the hypothesis that suggests there is a significant difference between the parameters of two or more populations.
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