Examlex
Constant cost industries:
Test Statistic
A value calculated from sample data that is used in a hypothesis test to determine whether to reject the null hypothesis.
Rejection Region
The range of values for which the null hypothesis is considered not probable and is therefore rejected in a hypothesis test.
Sign Test
A nonparametric test used to determine if there is a difference between matched or paired observations.
Distribution
Refers to the way in which data points are spread out across the range of possible values in a dataset.
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