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If the Calculated Value of the Test Statistic Is Less

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If the calculated value of the test statistic is less than the critical value of the test statistic (TS CR),the null hypothesis is rejected.


Definitions:

Lower Limit

The smallest value that a given set, statistical sample, or data category can take on or be assigned.

Upper Limit

The maximum level or value that can be reached or is allowable in a given context.

Supply and Demand

Fundamental economic model describing how prices vary as a result of a balance between product availability and consumer demand.

Price Floor

A government or group-imposed price control that sets the lowest legal price a commodity can be sold at.

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