The test statistic value calculated by the statistical procedure selected is known as the ______.
A)critical value
B)significance level
C)observed value
D)p value

Question

Quizplus · Accepted Answer

The observed value is the test statistic that is calculated by the selected statistical procedure. The critical value is a predetermined value used to determine statistical significance. The significance level is the probability of making a type I error, and the p-value is the probability of obtaining a test statistic as extreme or more extreme than the observed value, assuming the null hypothesis is true.

The Test Statistic Value Calculated by the Statistical Procedure Selected