Theoretical Statistics
The power of a statistical test is the probability that it correctly rejects a null hypothesis when it is false. A high power indicates that the test is effective in detecting an effect or difference when one truly exists. This concept is crucial in understanding how well a test can perform in various scenarios, including likelihood ratio tests, where the focus is on comparing the fit of two competing models.
congrats on reading the definition of Power of the test. now let's actually learn it.