The P-Value Is the Probability of Getting a Test Statistic

question 128

Multiple Choice

The p-value is the probability of getting a test statistic at least as extreme as the one representing the sample data, assuming that ________.

• A) the alternative hypothesis is true
• B) the null hypothesis is true
• C) the alternative hypothesis is false
• D) the null hypothesis is false

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Definitions:

Net Income

A business's remaining profit after taking away all costs and taxes from its generated revenue.

Overstates

The act of presenting values or figures in financial statements higher than they actually are, leading to a distorted view of a company's financial health.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and equity at a specific point in time, providing a snapshot of its financial position.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in net profit or loss.