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2-9 Large banks tend to make business decisions based on personal knowledge of customers creditworthiness and business conditions in the local communities.
Rejection Region
In hypothesis testing, the range of values for which the null hypothesis is considered unlikely and is therefore rejected.
Chi-Square Distribution
A statistical distribution that is used to determine the goodness of fit of an observed distribution to an expected one under the null hypothesis.
Critical Value(s)
Specific point(s) on a distribution curve that define the threshold for rejecting the null hypothesis in hypothesis testing.
Level Of Significance
A threshold in hypothesis testing below which the null hypothesis is rejected, indicating statistical significance.
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