_____ Is Used When Modeling the Problem Properly to Get

question 64

Short Answer

_____ is used when modeling the problem properly to get an optimal decision would be too difficult, complex, or costly.

---

Definitions:

Null Hypothesis

The hypothesis that there is no significant difference between specified populations, any observed difference being due to sampling or experimental error.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, typically denoted by alpha (α), used as a threshold to gauge the strength of the evidence against the null hypothesis.

Test Statistic

A statistic calculated from sample data that is used in a hypothesis test to decide whether to reject the null hypothesis.

Sample Proportion

The ratio of members within a sample that possess a particular trait or characteristic, relative to the total sample size.