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Flashcards covering key concepts from the video notes on hypothesis testing, p-values, alpha, and common errors.
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Alpha value (significance level)
The probability threshold for declaring a result statistically significant, commonly 0.05.
p-value
The probability, assuming the null hypothesis is true, of obtaining results as extreme or more extreme than observed.
Extreme (p-value context)
Results that are far from what is expected under the null hypothesis; correspond to low probability under random chance.
Null hypothesis
The default assumption tested, usually that there is no real difference or effect.
Alternative hypothesis
The claim that there is a real difference or effect (the hypothesis you may accept if you reject the null).
Type I error
Rejecting a true null hypothesis; a false positive.
Type II error
Failing to reject a false null hypothesis; a false negative.
Bias
Systematic error in data collection that can skew results.
Outliers
Data points that lie far from the rest of the data and can distort results.
Random chance
Natural variability; p-values assess how likely results could occur by chance under the null.
Statistical significance
A result is statistically significant if the p-value is at or below the alpha level.