Alternative Dispute Resolution, When Used to Settle a Business Dispute

question 29

True/False

Alternative dispute resolution, when used to settle a business dispute, is usually not subject to appeal to a court.

---

Definitions:

T-statistic

A type of statistic used in hypothesis testing to determine if there is a significant difference between two groups.

Null

Usually referring to the null hypothesis, it's a statement suggesting no significant effect or difference in a clinical or experimental study.

Alpha

In hypothesis testing, the probability of making a Type I error; the significance level set before conducting a test.

Alternative

Refers to the alternative hypothesis in statistical testing, which contrasts the null hypothesis by suggesting there is a significant effect or difference.