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When a particular machine is functioning properly, 80% of the items produced are non-defective. If three items are examined, what is the probability that one is defective? Use the binomial probability function to answer this question.
One-sample T Statistic
A statistic used to compare the mean of a single sample to a known or hypothesized population mean.
P-value
The chance of getting test findings that are at least as unusual as the ones actually seen, given that the null hypothesis holds.
Null Hypothesis
A default hypothesis that there is no effect or difference, and any observed change in the data is due to random chance.
Confidence Interval
An interval estimate of a population parameter that provides a range of values which is likely to include the parameter of interest.
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