Examlex
________ inventory consists of products in the process of being manufactured but not yet complete.
P-Value
The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.
Type I Error
The mistake of wrongly rejecting a true null hypothesis.
Level Of Significance
The threshold chosen for determining whether a statistical result obtained is deemed significant, typically represented as a probability value (p-value).
Sample Size
The number of observations or data points collected for the purpose of statistical analysis.
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