Examlex
A random variable is normally distributed with a mean of 25 and a standard deviation of 5. If an observation is randomly selected from the distribution, determine two values of which the smallest has 25% of the values below it and the largest has 25% of the values above it.
Confidence Interval
An interval of figures obtained from statistics of a sample, expected to include the value of a hidden population parameter.
Level of Significance
A predetermined value that indicates the probability of rejecting a true null hypothesis in hypothesis testing.
Chi-Squared Variable
A variable that follows the chi-squared distribution, typically used in tests of independence and goodness-of-fit.
Degrees of Freedom
The sum of independent quantities or values able to be set for a statistical distribution.
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