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What are the key provisions of the Public Company Accounting Reform and Investor Protection (Sarbanes-Oxley) Act of 2002?
P-value
A statistic that quantifies the probability of observing the obtained results, or more extreme, if the null hypothesis is true.
Significance Level
The threshold below which a p-value indicates that the observed data is unlikely to have occurred by chance, leading to rejection of the null hypothesis.
Null Hypothesis
A statement in statistical analysis that proposes there is no significant effect or difference between certain variables or groups.
Statistical Test
A method of making decisions or inferences about population parameters based on sample data, often involving a comparison between an observed test statistic and a critical value.
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