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What was the average life expectancy of a person born in the year 1900?
Arrival Rate
In the context of queueing theory, it refers to the average number of items (customers, calls, etc.) arriving at a service facility per unit of time.
Level of Significance
The threshold below which a p-value is considered to indicate a statistically significant result, typically set at 0.05 or 5%.
Degrees of Freedom
Represents the number of independent values or quantities which can be assigned to a statistical distribution without violating any constraining conditions.
Test Statistic
A standardized value used in statistical hypothesis testing to determine whether to reject the null hypothesis.
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