Statistical Significance

Critical Region
In statistical hypothesis testing, the critical region refers to the set of values for the test statistic that leads to the rejection of the null hypothesis.
P-Value
A p-value is a statistical measure that helps researchers determine the significance of their results. This value helps assess whether the observed data supports the null hypothesis or not.
Test Statistic
A measure calculated from data sampled from a population, used to either reject or fail to reject the null hypothesis.

Accounting Terms Lexicon

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