Examlex
Level Of Significance
A threshold used in hypothesis testing to determine whether to reject the null hypothesis, commonly set at 0.05, indicating a 5% risk of concluding that a difference exists when there is none.
Test Statistic
A value calculated from sample data during a hypothesis test. It is used to determine whether to reject the null hypothesis.
Acceptance Region
In hypothesis testing, this is the range of values for which the null hypothesis is not rejected.
Not Statistically Significant
A term indicating that the observed difference or relationship in data could have occurred by chance and does not provide strong evidence against the null hypothesis.
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