answersLogoWhite

0

The risk you are willing to take probabilistically speaking. In general, confidence plus risk is 100%; either your confident or you are taking a risk. In hypothesis testing, it is the probability of rejecting a true null hypothesis.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What is the sum of the probabilities of each outcome multiplied by the outcome value?

expected value


What is distribution is statistics?

The distribution for a variable is the set of value that the variable can take and the probabilities associated with those value.


Is probability and p value same?

No. p-values are probabilities but they are not the only ones.


What is the Probabilities of Beta Value?

In hypothesis testing, this is the probability of failing to reject a false null hypothesis.


What is the value of Cu K-alpha radiation in angstrom?

The value of Cu K-alpha radiation is approximately 1.5406 angstroms.


What is Hypothesis Testing of Alpha Value?

Probability of rejecting a true null hypothesis; that is, the alpha value or risk you are willing to take probabilistically speaking.


What is a alpha-numeric value format?

A from z


Does the weather report use the empirical probabilities or theoretical probabilities in its weather forecast?

Empirical probabilities.


Who do you Add Probabilities?

I do not add probabilities to anybody!


What is an alpha channel?

In computer graphics, an alpha channel is a numerical value specify a level of translucency to be added to a colour.


What is the sum of all probabilities?

Sum of all probabilities is 1.


Is alpha the probability that the test statistic would assume a value as or more extreme than the observed value of the test?

Alpha is the probability that the test statistics would assume a value as or more extreme than the observed value of the test, BY PURE CHANCE, WHEN THE NULL HYPOTHESIS IS TRUE.