Examlex
Discuss the implications of each of the unique features of e-commerce technology for the overall business environment.
Significance Level
The chance of incorrectly dismissing the null hypothesis in a statistical examination when it is in fact correct, often symbolized by alpha (α).
Confidence Level
The degree of confidence or certainty in a statistical conclusion, typically expressed as a percentage indicating how frequently the true parameter is expected to lie within the confidence interval.
Type I Error
The false rejection of an accurate null hypothesis, also known as a "false positive."
Sample Size
The number of observations or data points collected in a statistical study, which is crucial for determining the study's accuracy and reliability.
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