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Approximately how many horsepower is a n electrical device listed as 3,000 watts ?
P-value
The probability of obtaining test results at least as extreme as the observed results, assuming that the null hypothesis is true.
Test Statistic
A calculated value from sample data that is used in a hypothesis test to determine whether to reject the null hypothesis, based on the likelihood of observing the sample data under the null hypothesis.
Yearly Rate
The amount, level, or number of something calculated or represented over a period of one year.
Null Hypothesis
A hypothesis in statistical analysis that suggests no significant difference or effect exists among the variables being studied.
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