Mathematical Probability Theory
The beta level, denoted as \( \beta \), represents the probability of making a Type II error in hypothesis testing, which occurs when a false null hypothesis is not rejected. Understanding the beta level is crucial because it helps quantify the risk of missing a true effect or difference when conducting a statistical test. This concept is essential in determining the power of a test, which is defined as \( 1 - \beta \), indicating the test's ability to correctly reject a false null hypothesis.
congrats on reading the definition of Beta Level. now let's actually learn it.