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For the first time in U.S.history,the federal government assumed responsibility for managing unemployment during the Great Depression.
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.
Level of Significance
The probability of rejecting the null hypothesis in a statistical test when it is true, often denoted by alpha.
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