Examlex
Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The majority of consumer loans are made with [fixed | variable] interest rates.
Equal Variances
The assumption that two or more populations have the same variance.
Bonferroni Adjustment
It's a statistical correction method used to adjust confidence intervals or significance thresholds when multiple comparisons are made, reducing the chance of a type I error.
Type I Error Rate
The probability of rejecting a true null hypothesis, equivalent to the significance level of the test.
Type II Error
The mistake made by not rejecting an incorrect null hypothesis, often referred to as a false negative.
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