specialize - devote oneself to a special area of work; She specializes in honey bees; This baker specializes in French bread specialise work - exert oneself by doing mental or physical work for a purpose or out of necessity; I will work hard to improve my grades; she worked hard for better living conditions for the poor
Critical Value in Statistics. In statistics, the critical value corresponds to a given significance level. This cutoff value determines the boundary between the two samples, on the basis of which it is determined, whether null hypothesis should be accepted or rejected.
DEFINITION of 'Real Value'. Nominal value adjusted for inflation. Real value is obtained by removing the effect of price level changes from the nominal value of time-series data, so as to obtain a truer picture of economic trends. The nominal value of time-series data such as gross domestic product and incomes is adjusted by a deflator to derive their real values. Next Up.