Examlex
How is goal-seeking analysis different from what-if analysis and how do they function?
Null Hypothesis
A statement or hypothesis that assumes there is no significant difference or effect, serving as the basis for statistical testing.
Level of Significance
The threshold chosen for determining whether a statistical result is significant in hypothesis testing, typically set at values like 0.05, 0.01, etc.
Rejected
In statistical analysis, this term refers to the decision to dismiss the null hypothesis when the test statistic falls outside of the designated critical region.
P-value
The probability of obtaining test results at least as extreme as the ones observed during the test, assuming that the null hypothesis is true.
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