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A group of students from different parts of the country started elementary school together.They graduated high school at a time when higher education costs made it very difficult for parents to finance college education.Most of them took loans to complete college.This experience made them financially responsible and they started saving up early in life.This collective group of individuals can best be described as belonging to the same _____.
Null Hypotheses
In statistical analysis, assumptions made for the purpose of testing, asserting no significant difference or effect is expected.
Alternative Hypotheses
In statistical hypothesis testing, it is the hypothesis that proposes a difference or effect, in contrast to the null hypothesis which proposes no effect or relationship.
Type II Error
Refers to the error that occurs when a statistical test fails to reject a false null hypothesis.
Type I Error
Falsely rejecting a true null hypothesis, widely recognized as a "false positive."
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