SIGNIFICANCE LEVEL


Meaning of SIGNIFICANCE LEVEL in English

denoted as a ( alpha ), is the probability of rejecting the null hypothesis when in fact it is true.

Note: it has two meanings:

1. the rejection area in the distribution curve;

2. the probability of making wrongly conclusion from the sample.

Sean Woo's Finance, GIS and real estate English glossary.      Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance.