Examlex
Explain the theory of investment in human capital and the specific role that education plays in the theory.
Critical Value
A mark on the test statistic's scale that, when surpassed, results in the null hypothesis being rejected.
Null Hypothesis
A hypothesis that assumes no significant difference or effect in an experimental setup, used as a default until evidence indicates otherwise.
Hypothesis Testing
A method of statistical inference used to decide whether a hypothesis about a parameter in a population is likely to be true.
Interval Estimation
A scope of values, from collected sample data, that is likely to embody the value of an unexplored population parameter.
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