Examlex
Contribution margin is calculated by deducting the total cost of goods sold from sales revenue.
Type I Error
The error of rejecting a true null hypothesis, also known as a "false positive" error.
Type II Error
Failing to detect an effect or difference that exists because the null hypothesis was incorrectly accepted.
α
Alpha (α) is a threshold value used in hypothesis testing to determine the significance level at which the null hypothesis can be rejected.
Effect Size
A numeric evaluation of the size of the effect observed in an experiment.
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