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Truck tire life is normally distributed with a mean of 60,000 miles and a standard deviation of 4,000 miles. What is the probability that a tire will last 72,000 miles or more?
Type II Error
An error resulting from failing to reject an incorrect null hypothesis.
Sample Size
The number of observations or elements chosen from a population for the purpose of statistical analysis.
Significance Level
A threshold within which the p-value of a hypothesis test must fall for the result to be deemed statistically significant, typically set at 0.05 or 5%.
Test Power
The likelihood that a statistical test will correctly reject a false null hypothesis, identifying an effect when it is present.
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