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It is important in lateral communication to remember to
Critical Value
A threshold value that defines the boundary of the acceptance region in hypothesis testing, used to make a decision regarding the null hypothesis.
Type I Error
The improper negation of a genuine null hypothesis, widely recognized as a "false positive."
Standard Deviation
A measure of the dispersion or spread of a set of data points relative to its mean, indicating how spread out the data points are.
Test Statistic
A value calculated from sample data during hypothesis testing, used to determine whether to reject the null hypothesis.
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