Examlex
The party with the best alternative to a negotiated agreement is in the best negotiating position.
Alternative Hypothesis
A statement in hypothesis testing that proposes a significant difference, effect, or relationship exists in the population, opposing the null hypothesis.
Test Statistic
A statistic whose calculated value is used to decide whether to reject the null hypothesis in a hypothesis test.
Population Distribution
The distribution of a characteristic within an entire population, described by parameters such as mean, variance, and standard deviation.
Null Hypothesis
A hypothesis that suggests there is no statistical significance between two variables, often used as a default hypothesis in testing.
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