Examlex
A change in the price of a good causes
Type I Error
The mistaken dismissal of an accurate null hypothesis, frequently referred to as a false positive.
Effect Size
A quantitative measure of the strength of a phenomenon, used to indicate the magnitude of a difference or relationship within the context of a statistical analysis.
T-Tests
Statistical tests used to compare the means of two groups to see if there is a significant difference between them.
Type I Error
A Type I Error occurs when a true null hypothesis is incorrectly rejected, also known as a "false positive."
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