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A(n)_____ Is the Electronic Version of a Paper Check and Offers

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A(n) _____ is the electronic version of a paper check and offers security, speed, and convenience for online transactions.


Definitions:

Level of Significance

A threshold of probability set before a study to determine when an observed effect is considered statistically significant, typically denoted by alpha.

Alpha

In statistics, the significance level defined as the probability of rejecting the null hypothesis when it is true.

Critical Value

A point on the scale of a test statistic beyond which we reject the null hypothesis, often associated with the desired significance level of a test.

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