Examlex
What are "network effects"? Briefly explain the relevance they hold in an economic context.
Level of Significance
The predetermined threshold in hypothesis testing, below which the null hypothesis is rejected, indicating statistical significance.
Industry Standard
A set of criteria within an industry relating to the quality, safety, and performance of products and services accepted as the norm.
P-Value
The probability measure indicating the likelihood of obtaining a test statistic at least as extreme as the one that was actually observed, assuming that the null hypothesis is true.
Standard Deviation
A measure of the dispersion or variability within a set of data points, indicating how spread out the data points are from the mean.
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