Examlex
Until recently, TrueTime International produced personal computers on an assembly line with each worker performing only one simple task. Three months ago, the company began allowing individual employees to assemble entire computers, test all of the components, and even install the software that TrueTime includes with each of its computers. TrueTime's new production method is an example of:
Null Hypothesis
The null hypothesis is a statement in hypothesis testing that there is no effect or no difference, and it serves as a default position until evidence suggests otherwise.
Alternative Hypothesis
A hypothesis that proposes there is a statistically significant difference between two variables, contrasting with the null hypothesis.
Average Amount
The sum of numerical values divided by the count of values, providing a central or typical value for a dataset.
Significance Level
The likelihood of incorrectly dismissing the null hypothesis in a statistical analysis, commonly represented by alpha, when it is in fact correct.
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