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A company decision as to where to locate a new store would be considered
P-value
The probability of observing a test result at least as extreme as the one observed, under the assumption that the null hypothesis is true.
Kruskal-Wallis Test
The Kruskal-Wallis test is a non-parametric method for testing whether samples originate from the same distribution, used when the assumptions of one-way ANOVA are not met.
Hypotheses Testing
A statistical method that uses sample data to evaluate a hypothesis about a population parameter, typically involving a test statistic to determine the likelihood of the hypothesis being true.
ρ Values
In statistics, ρ often denotes the population correlation coefficient or the significance level of a hypothesis test, context depending.
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