Examlex
When media in India informed the public that Coca-Cola products bottled in India contained a high level of certain cancer-causing pesticides, Coke responded by saying that all of India's water was contaminated and that it was not doing anything wrong by using the local water supply. What kind of a strategy did Coke use to respond to its social responsibility problems?
Significance Level
The likelihood of incorrectly dismissing the null hypothesis in a statistical analysis, commonly represented by alpha, when it is in fact correct.
Type I Error
The mistake of rejecting the null hypothesis when it is actually true, commonly referred to as a "false positive" result.
Alpha (α)
A pre-specified significance level in hypothesis testing, representing the probability of making a Type I error, or falsely rejecting the null hypothesis.
Hypothesis Test
A statistical method used to determine if there is enough evidence in a sample of data to infer that a certain condition holds true for the entire population.
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