Statistic Definitions

Question 1

What is an experiment?

Answer 1

An experiment is a repeatable process that gives rise to a number of outcomes

Question 2

What is an event?

Answer 2

An event is a collection of one or more outcomes

Question 3

What is a sample sapce?

Answer 3

A sample space is the set of all possible outcomes

Question 4

What is the significance level?

Answer 4

The chance of the result happening by luck or chance

Question 5

What is the null hypothesis?

Answer 5

The default position or the current theory

Question 6

What is the difference between a one tail and a two tailed test?

Answer 6

One tail: one direction

Two tail: two directions