INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 2

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-Uninsured motorist insurance is quite [expensive | inexpensive].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Level of Significance

The probability of rejecting the null hypothesis in a statistical test when it is actually true; a measure of how unlikely results are due to chance.

Degrees of Freedom

The amount of free variables or measures that may change within an analysis while still adhering to all limitations.

T-statistic

A type of statistic used to estimate the significance of a difference between two sample means, given in terms of standard error.

Alpha

In statistical hypothesis testing, it represents the probability of committing a Type I error; the threshold significance level.