Examlex
Changing the amount of reactant or product in an equilibrium reaction will always change the equilibrium position, regardless of the physical state of the substance involved.
Average Sales
The mean amount of sales over a certain period, calculated by summing all sales figures and dividing by the number of sales transactions.
Critical Value
A point on the scale of the test statistic beyond which we reject the null hypothesis; it marks the threshold for significance in hypothesis testing.
P-value
The odds of receiving outcomes in a test that are equally or more extreme than those observed, given the null hypothesis is assumed to be accurate.
Level of Significance
A threshold in statistical hypothesis testing below which a result is considered statistically significant.
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