Examlex
Replacing tariffs with nontariff barriers was one of the objectives of GATT.
Outlier
An observation in a data set that is significantly distant from other observations, indicating a variance from normal behavior.
Median
The middle value in a data set, which divides the distribution into two equal parts, ensuring that half of the data points are below it and half are above.
Test Statistic
A statistic calculated from sample data that is used to assess the truth of a hypothesis in statistical testing.
Null Hypothesis
A presumption that implies no relationship or effect between variables or conditions in the scenario being tested.
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