Examlex
Describe how the financial system operates.
Two-tailed Test
A statistical test hypothesis where the area of interest is in both tails of the probability distribution, testing for the possibility of an effect in two directions.
One-tail Area
The probability in the tail of a distribution in a one-tailed test.
P-value
The chance of witnessing outcomes from a test that are as extreme or more extreme than what was actually seen, given the presupposition that the null hypothesis holds.
Confidence Interval
A set of numbers resulting from the statistical examination of a sample, expected to encompass the value of an undetermined parameter of the overall population.
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