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What impact did the National Industrial Recovery Act (NIRA) of 1933 have on industrial output?
Level of Significance
In hypothesis testing, the threshold below which the null hypothesis is rejected, often denoted by alpha.
Rejected
A term used, often in statistical analysis, to indicate that a hypothesis has been dismissed or disproved based on data analysis.
Null Hypothesis
A hypothesis in statistical testing that proposes there is no significance difference or effect and that any observed difference is due to chance.
P-value
The probability of observing the tested result, or one more extreme, if the null hypothesis is true.
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