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Fifteen-year old Matt and his father are in an electronics store looking at video game systems. Matt gives his father a complete breakdown of the pros and cons of each of the different video game systems on display. Matt is able to accurately recall all of these details because he has
Statistically Significant
Indicates that an observed effect or result is unlikely to have occurred by chance, suggesting a real impact or difference that is not due to random variation.
Inferential Statistics
A branch of statistics focused on drawing conclusions about populations based on samples.
Power
In statistics, the probability that a test will correctly reject a false null hypothesis; essentially, the test's sensitivity to detect an effect when there is one.
Likelihood Of Error
The probability or chance that a statistical conclusion may be incorrect or misleading.
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