Examlex
Which of the following statements represents a correct and sequentially accurate economic explanation?
Probability
A numeric expression, ranging from 0 to 1, indicating the probability of an event happening.
Statistic
A numeric measure that represents a particular feature of a sample.
Region of Rejection
The range of values in hypothesis testing that, if the test statistic falls within, leads to the rejection of the null hypothesis.
Probability (p)
The likelihood of a specific event or outcome occurring, expressed as a number between 0 and 1.
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