Examlex
Which of the following accurately describes the "bargaining range"?
Obtained Value
In statistics, the specific result or data point that is arrived at after conducting an experiment or observation, vital for comparisons and analysis.
Critical Value
A point on the scale of the test statistic beyond which we reject the null hypothesis, thus indicating that the observed data are highly unlikely under the null hypothesis.
Null Hypothesis
The hypothesis that there is no significant difference between specified populations, any observed difference being due to sampling or experimental error.
Degrees of Freedom
The number of independent values or quantities which can vary in the calculation of a statistic, often linked to the sample size.
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