Examlex
The labor force is the sum of the working-age population and the number of unemployed people.
Test Statistic
A metric deduced from a sample's data in the process of hypothesis testing, which aids in determining the rejection of the null hypothesis.
P-value
The probability of observing a statistic at least as extreme as the one observed if the null hypothesis is true.
Upper Tailed Test
A hypothesis test where the critical area, in which the null hypothesis is rejected, is located in the upper tail of the probability distribution.
Test Statistic
A figure derived from data within a sample, utilized to determine the rejection of the null hypothesis in the context of statistical hypothesis testing.
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