Examlex
Consideration of what skills,knowledge,and abilities are required for each job,how valuable the job is for the organization,and how much pay other organizations allocate to these jobs is:
P-Value
The p-value is a measure in statistics that helps determine the significance of results from a hypothesis test, indicating the probability of observing the results given that the null hypothesis is true.
Level Of Significance
A threshold or criterion for judging whether a statistical result is significant, commonly set at values like 0.05 or 0.01, indicating the risk of a Type I error.
Null Hypothesis
A default hypothesis that there is no significant difference or effect, tested against to determine the likelihood of the alternative hypothesis.
One-Tail Test
A statistical test in which the region of rejection is on only one side of the sampling distribution, used to determine if a parameter is greater than or less than a certain value.
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