Robustness Refers to the Extent to Which Conclusions Drawn on the Basis

question 99

True/False

Robustness refers to the extent to which conclusions drawn on the basis of a statistical test (for example,rejection of the null hypothesis)are unaffected by violations of the assumptions underlying the test.

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Definitions:

APR

The Annual Percentage Rate (APR) is a measure of the cost of borrowing that includes interest and other fees, shown as a yearly rate.

Compound Interest

The concept of earning interest on previously earned interest. A sum earning compound interest grows exponentially over time.

Interest

The expense associated with taking out a loan or the earnings from an investment, usually quantified as a percent of the initial amount.

Annual Percentage Rate

The annual rate charged for borrowing or earned through an investment, which represents the actual yearly cost over the term of a loan.