Examlex
What is the difference between the nominal and the real interest rate? If you go into the bank to borrow money, which rate would the bank quote you?
Statistic
A single measure, reported as a number, used to summarize a set of data.
Null Hypothesis
The hypothesis that there is no significant difference or effect, typically the hypothesis a researcher tries to disprove.
Distribution
Describes how the values of a variable are spread or distributed across different categories or intervals.
P > .05
Indicates that the probability of obtaining the observed data under the null hypothesis exceeds 5%, typically leading to failing to reject the null hypothesis.
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