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Sheena knowingly and falsely tells Jenn that an automobile she is trying to sell has never been in a flood. In reliance upon Sheena's statement, Jenn buys the car. Sheena is liable to Jenn for fraudulent misrepresentation.
T-statistic
A type of statistic used in hypothesis testing, calculated to compare the mean of a sample to the known mean of the population.
Null Hypothesis
The hypothesis that predicts no relationship or effect between the independent and dependent variables being studied.
Alpha
Alpha, in statistics, is the threshold p-value that determines the critical level of significance at which the null hypothesis can be rejected, typically set at 0.05.
Null Hypothesis
A statement suggesting that there is no significant difference or effect, serving as a default position until proven otherwise.
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