Examlex
The foreclosure of a mechanic's or materialman's lien is very different from a court foreclosure of a real estate mortgage.
Type I Error
The improper negation of a genuine null hypothesis, widely recognized as a "false positive."
Standard Deviation
A measure of the dispersion or spread of a set of data points relative to its mean, indicating how spread out the data points are.
Test Statistic
A value calculated from sample data during hypothesis testing, used to determine whether to reject the null hypothesis.
Critical Value
A threshold in a statistical test that defines the boundary for deciding whether a test statistic leads to the rejection of the null hypothesis.
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