Examlex
Write the formula for calculating the labor force participation rate.
Alternative
Refers to the alternative hypothesis in statistical testing, which contrasts the null hypothesis by suggesting there is a significant effect or difference.
T-statistic
A ratio used in hypothesis testing that compares the difference between an observed sample mean and a hypothetical population mean to the standard error of the mean.
Alpha
A coefficient that often represents the level of significance in hypothesis testing, marking the threshold for rejecting the null hypothesis.
Critical Value
A point on a statistical distribution that represents the threshold for significance testing, helping decide whether to reject the null hypothesis.
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