Examlex
What government agency is involved in conducting product recalls?
Critical Value
A threshold in hypothesis testing that defines the boundary or cutoff for deciding whether to reject the null hypothesis, based on the observed data.
Significance Level
The probability threshold below which the null hypothesis is rejected in a statistical test.
P Value
The probability of obtaining test results at least as extreme as the results actually observed during the test, assuming that the null hypothesis is correct.
Type II Error
Occurs when a false null hypothesis is not rejected, indicating a failure to detect an effect or difference when one actually exists.
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