Statistical Power of any test of statistical significance is defined as the probability that it will reject a false null hypothesis. Statistical power is inversely related to beta or the probability of making a Type II error. The power is a function of the possible distributions, often determined by a parameter, under the alternative hypothesis. As the power increases, there are decreasing chances of a Type II error, which are also referred to as the false negative rate (β) since the power is equal to 1−β, again, under the alternative hypothesis. A similar concept is Type I error or the […]