Probability Is the Measure of the Relative Likelihood That an Event

question 58

True/False

Probability is the measure of the relative likelihood that an event will occur.

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Definitions:

Critical Value

The value resulting from application of a statistical test that is necessary for rejection (or nonacceptance) of the null hypothesis.

Significance Level

The risk set by the researcher for rejecting a null hypothesis when it is true.

Obtained Value

The value that results from the application of a statistical test.