What is the formula for Power?

Power = 1 - β

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What is the formula for Power?

Power = 1 - β

What are the differences between Type I and Type II errors?

Type I: Reject true null (false positive), probability α. | Type II: Fail to reject false null (false negative), probability β.

What are the differences between Power and β?

Power: Probability of correctly rejecting a false null. | β: Probability of failing to reject a false null.

What is a Type I error?

Rejecting a true null hypothesis (false positive).

What is a Type II error?

Failing to reject a false null hypothesis (false negative).

What is power of a test?

The probability of correctly rejecting a false null hypothesis.

What is significance level (α)?

The probability of making a Type I error.

What is β (beta)?

The probability of making a Type II error.