Examlex
A report in a consumer magazine indicated that with 90 percent confidence, the mean number of hours that a particular brand light bulb lasts is between 900 and 1,100 hours. Based on this, the sample mean that produced this estimate is 1,000 hours.
Error of Estimation
The difference between an estimated value and the true value, reflecting the degree to which an estimation method may deviate from accuracy.
P-value
The probability of observing a test statistic as extreme as, or more than, the value observed under the assumption that the null hypothesis is true.
Pilots' Union
An organization representing the collective interests of pilots, often focused on negotiating wages, working conditions, and other employment matters.
Null Hypotheses
A hypothesis used in statistical testing that assumes no effect or no difference between treatments or groups.
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