Examlex
The following information was collected from a simple random sample of a population. 16
19
18
17
20
18
The point estimate of the mean of the population is
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.
Significant
Indicating a statistically meaningful relationship or difference in data, often determined by achieving a p-value below a predefined threshold.
Least Squares Regression
A statistical method used to determine the line of best fit by minimizing the sum of squares of the residuals.
Residual
The difference between an observed value and the predicted value in a statistical model.
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