Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Nicolaus Copernicus
Data Analysis
The process of inspecting, cleansing, transforming, and modeling data to discover useful information and support decision-making.
Alpha (α)
Alpha, often referred to as the significance level, is a threshold used in hypothesis testing to determine whether to reject the null hypothesis, typically set at 0.05 or 5%.
Statistical Hypothesis
A conjecture about a parameter or distribution in statistics that can be tested against observational data.
Probability
The probability of an event happening, represented by a numerical value ranging from 0 to 1.