Examlex
Decision making is the process of identifying and choosing alternative courses of action.
Significance Level
In statistical hypothesis testing, it's the probability of rejecting the null hypothesis when it is actually true, often represented by the symbol alpha (α).
Multinomial Experiment
An experiment that meets the criteria where each trial results in one outcome from a set of three or more possible outcomes.
Observed Frequencies
The count of occurrences or instances actually measured in a dataset or study.
Significance Level
The threshold of probability below which the null hypothesis is rejected in hypothesis testing.
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