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Which of these savings rates is most favorable?
Level Of Significance
The threshold for rejecting the null hypothesis in a statistical test, often denoted by alpha and representing the risk of a Type I error.
One-Tail
It refers to tests of significance that determine if there is a relationship or a difference in only one direction, either greater than or less than, but not both.
Test Statistic
A calculated value used in statistical hypothesis testing to determine whether to reject the null hypothesis.
Level Of Significance
The probability of rejecting the null hypothesis in a statistical test when it is actually true; a threshold for determining the statistical significance of a result.
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