Examlex
For each of the following sentences ,select the word or group of words that best completes the statement.
-_____________ is(are)the expenditure(s)incurred in the discovery of new knowledge and the translation of research into a design or plan for a new product.
1 - β
The power of a statistical test, representing the probability of correctly rejecting the null hypothesis when it is false.
Type I Error
The false rejection of the true null hypothesis, often referred to as a "false positive," in the context of hypothesis testing.
Type II Error
A statistical error that occurs when a false null hypothesis is not rejected.
α
Denotes the level of significance in hypothesis testing; a threshold below which the p-value must fall for results to be considered statistically significant.
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