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

Question

Quizplus · Accepted Answer

The obtained value is the test statistic value calculated by the selected statistical procedure. The critical value is a predetermined value used to determine whether to reject or fail to reject the null hypothesis. The significance level is a predetermined probability level used to determine the likelihood of obtaining a test statistic value as extreme or more extreme than the one observed, assuming the null hypothesis is true. The p-value is the probability of obtaining a test statistic value as extreme or more extreme than the one observed, assuming the null hypothesis is true.

The Test Statistic Value Calculated by the Statistical Procedure Selected