Examlex
Government controls over market prices frequently "backfire."
P-value
The likelihood of achieving outcomes as significant as, or more so than what was actually observed in the study, assuming the null hypothesis is true.
Alternative Hypothesis
A hypothesis that contradicts the null hypothesis, proposed when the null hypothesis is expected to be rejected.
Descriptive Terms
Words or phrases used to describe or characterize a particular subject or phenomena without quantifying it.
Standardized Test Statistic
A standardized test statistic is a calculated value used to determine the distance of a data point from the mean in units of standard deviation, often used in hypothesis testing.
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