Statistical Inference
The beta level, often denoted as $$\beta$$, represents the probability of making a Type II error in hypothesis testing, which occurs when the null hypothesis is falsely accepted when it is actually false. This probability is crucial for understanding the effectiveness of a statistical test, as it helps to quantify the likelihood of missing a true effect. The beta level is inversely related to the power of a test, which measures the probability of correctly rejecting a false null hypothesis.
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