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When conducting a performance appraisal that uses output as a basis for appraisal,what type of method is being used?
Significance Level
The threshold under which the p-value falls to reject the null hypothesis, typically set at 0.05 or 5%.
Critical Value
A threshold in a statistical test that defines the boundary between where a statistical hypothesis would be considered significantly different or not.
Null Hypothesis
A default hypothesis that there is no significant difference or effect, to be tested against the alternative hypothesis.
Test Statistic
A value, derived from sample data, used in hypothesis testing to determine whether to reject the null hypothesis.
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