Examlex
Which of the following is an interactive information system that is designed to help managers at all levels make decisions through integrated databases in which a series of "what if" questions can be posed?
Decision Rule
A pre-determined guideline or criterion used to choose between multiple alternatives in the face of uncertainty, often based on statistical analysis.
P Value
The probability of observing the given result, or more extreme, by chance if the null hypothesis is true.
Critical Value
A threshold in hypothesis testing, which when exceeded or not met determines the outcome of the test, often leading to the rejection or acceptance of the null hypothesis.
Test Statistic
A calculated value from sample data used to assess the plausibility of a hypothesis in statistical hypothesis testing.
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