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Give two examples showing vendor power, both strong and weak.
Population Variances
A measure of the distribution of data points in a population, indicating how spread out the data values are from the mean.
Normally Distributed
Describes a data set that follows a normal distribution, where most measurements are concentrated around the mean, creating a bell curve shape.
Level of Significance
The threshold below which a p-value is considered statistically significant, indicating the probability of rejecting the null hypothesis when it is actually true.
Rejection Region
The rejection region is the range of values for which the null hypothesis is rejected in hypothesis testing, determined by the significance level of the test.
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