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Important issues concerning product quality and safety specifications are governed by the contracts a company signs with its
Proportions
The fraction of a whole expressed as a percentage, ratio, or fraction, representing parts of a larger quantity or population.
P-Value
The possibility of encountering test findings at least as significant as the observed results, assuming the validity of the null hypothesis.
Normal Distribution
A bell-shaped distribution that is symmetric about the mean, where data near the mean are more frequent in occurrence than data far from the mean.
Sample
A subset of individuals from within a larger population used to approximate characteristics of the whole population.
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