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Significant Level
In statistical hypothesis testing, the threshold of probability at which the null hypothesis is rejected, commonly set at 0.05 or 5% risk of concluding a false positive.
Probability
The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.
Real Differences
Actual disparities or distinctions that exist between entities, concepts, or phenomena.
Chance
The occurrence of events in the absence of any obvious intention or cause.
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