Examlex
A contract may include a clause stating that no damages can be recovered for a certain type of breach.
T-statistic
A type of statistic used in hypothesis testing, calculated to determine the significance of certain variables or differences between means.
Level of Significance
A threshold of probability set before a study to determine when an observed effect is considered statistically significant, typically denoted by alpha.
Alpha
In statistics, the significance level defined as the probability of rejecting the null hypothesis when it is true.
Critical Value
A point on the scale of a test statistic beyond which we reject the null hypothesis, often associated with the desired significance level of a test.
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