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Despite the fact that the likelihood ratio in favor of the alternative hypothesis over the null is close to 100, if the hypothesis was implausible, with a prior probability of a real effect being 0.1, even the observation of p = 0.001 would have a false positive rate of 8 percent. It wouldn't even reach the 5 percent level.
For example for an event that is 40% probable, one could say that the odds are "2 in 5", "2 to 3 in favor", or "3 to 2 against". When gambling, odds are often given as the ratio of the possible net profit to the possible net loss. However in many situations, you pay the possible loss ("stake" or "wager") up front and, if you win, you are paid ...
In statistics, the 68–95–99.7 rule, also known as the empirical rule, and sometimes abbreviated 3sr, is a shorthand used to remember the percentage of values that lie within an interval estimate in a normal distribution: approximately 68%, 95%, and 99.7% of the values lie within one, two, and three standard deviations of the mean, respectively.
In statistics, a k-th percentile, also known as percentile score or centile, is a score below which a given percentage k of scores in its frequency distribution falls ("exclusive" definition) or a score at or below which a given percentage falls ("inclusive" definition); i.e. a score in the k-th percentile would be above approximately k% of all scores in its set.
If one looks at red numbers on the chart specifying grade, one can see the quirkiness of using the grade to specify slope; the numbers go from 0 for flat, to 100% at 45 degrees, to infinity as it approaches vertical. Slope may still be expressed when the horizontal run is not known: the rise can be divided by the hypotenuse (the slope length).
For absolute errors, the opposite is true: are sensitive to multiplication by constants, but not to addition of constants. [ 5 ] : 34 Polynomial-time approximation of real numbers
An annual rate of return is a return over a period of one year, such as January 1 through December 31, or June 3, 2006, through June 2, 2007, whereas an annualized rate of return is a rate of return per year, measured over a period either longer or shorter than one year, such as a month, or two years, annualized for comparison with a one-year ...
in which a team of replacement-level players is expected to have a .320 winning percentage, or 52 wins in a 162-game season. To test fWAR as a predictive tool, DuPaul executed a regression between a team's cumulative player WAR from the previous year to the team's realized wins for that year. The resultant regression equation was: [24]