Examlex
As a result of his third voyage in 1498,Christopher Columbus concluded that
Z Statistic
A statistic that tells us how many standard deviations an element is from the mean. It is used in hypothesis testing.
Probability
A measure quantifying the likelihood that events will occur, ranging from 0 (impossibility) to 1 (certainty).
α
Typically used to denote the level of significance in hypothesis testing, representing the probability of rejecting a true null hypothesis or the threshold of rareness.
β
Often used to represent the slope coefficient in linear regression analysis, indicating the change in the dependent variable for a one-unit change in an independent variable.
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