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Match Each Item to the Phrase or Sentence Listed Below

question 54

Multiple Choice

Match each item to the phrase or sentence listed below.
-Remunerative power​


Definitions:

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true; a measure of the threshold of statistical significance.

Test Statistic

A standardized value calculated from sample data, used to determine whether to reject the null hypothesis in hypothesis testing.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis in hypothesis testing.

Confidence Interval

A range of numerical values sourced from sample data, envisaged to enclose the value of an undiscovered population parameter.

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