Examlex
Which of the following is not a determinant of the price elasticity of demand for a good?
Power
The probability that a statistical test will correctly reject a false null hypothesis; related to the capability to detect an effect if there is one.
Type II Error
The error that occurs when a statistical test fails to reject a false null hypothesis.
Type I Error
The incorrect rejection of a true null hypothesis, or "false positive," often denoted by alpha (α).
Statistical Significance
A measure of whether observed data can be considered as not being the result of chance, typically through the use of a p-value.
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