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    Defining "Significance Level" and "P-Value"

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    Give a brief definition/explanation for the following terms: significance level and p-value.

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    Significance level: Significance level, also known as alpha or alpha level, is the predetermined criterion for rejecting the null hypothesis. When the p-value is less than or equal to the significance level, the null hypothesis is rejected. When the p-value is larger than the significance level, researchers fail to reject the null ...

    Solution Summary

    This answer is a brief definition and explanation of significance level and p-value.