Examlex
No insurance agent is going to ask you when you apply for insurance if the neighbor's house is on fire.The fact that the agent does not ask does not relieve you of the responsibility.
Type II Error
A statistical error that occurs when a researcher fails to reject a false null hypothesis, missing an actual effect.
Type I Error
The error that occurs when a true null hypothesis is incorrectly rejected.
Control Limits
The boundaries in a control chart that represent the acceptable range of variation in a process.
Standard Errors
The standard deviation of the sampling distribution of a statistic, commonly used in estimating the margin of error.
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