Examlex
Identify and state the historical significance of the following:
-Know Nothing Party
Level of Significance
The threshold below which a p-value is considered statistically significant, typically set at 0.05 or 5%, indicating the probability of rejecting the null hypothesis when it is true.
Point Estimate
A single value (statistic) given as the best guess or most reasonable approximation of a population parameter based on sample data.
Population Proportion
The fraction or percentage of members in a population that exhibit a particular characteristic or attribute.
Defective Items
Goods or products that fail to meet quality standards or specifications and are not fit for their intended use.
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