For example, a test conducted at the 5% level of significance that yields (false) “significant” results 5% of the time or less (when used on samples drawn from a null model) is exact.
Week #3 – Exact Tests
- December 9, 2013
- , 5:08 pm
Exact tests are hypothesis tests that are guaranteed to produce Type-I error at or below the nominal alpha level of the test when conducted on samples drawn from a null model.