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Critical value - definition
0:40
YouTubeB2Bwhiteboard
Critical value - definition
The critical value in a hypothesis test is the value of the test statistic beyond which, we would reject the null hypothesis. The critical value is set so that the probability that the test statistic is beyond the critical value is at most equal to the significance level if the null hypothesis be true. Reference: http://en.wikipedia.org/wiki ...
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