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