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MATCHING Match Each Item with an Statement Below

question 35

Multiple Choice

MATCHING
Match each item with an statement below:
-useful when considering the purchase of products or services needed for a business


Definitions:

Significance Level

Significance level, often denoted by alpha, is the probability of rejecting the null hypothesis when it is true, serving as a threshold for determining statistical significance.

Power of a Test

The probability that a statistical test will correctly reject a false null hypothesis; a measure of a test's ability to detect an effect when there is one.

Null Hypothesis

A statement used in statistics that proposes there is no significant difference or effect, and any observed difference is due to sampling or experimental error.

Probability

A gauge for predicting the chance that an event will happen, expressed in numbers that fall within 0 and 1.

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