There Are Various Types of Alternative Dispute Resolution (ADR)

question 101

Multiple Choice

There are various types of alternative dispute resolution (ADR) . The most common type mentioned below is

• A)mediation.
• B)pleading.
• C)small-claims courts.
• D)private judging.

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Definitions:

Critical Value

A threshold in a statistical test that defines the boundary for deciding whether an observed statistic is extreme enough to reject the null hypothesis.

Alpha

A threshold value used in hypothesis testing to determine the significance level at which the null hypothesis is rejected in favor of the alternative hypothesis.

Non-directional Hypothesis

A hypothesis that does not predict the specific direction of the difference or relationship, only that one exists.

T-statistic

A statistic calculated from sample data used to assess the plausibility of the null hypothesis in t-tests.