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Significance Level
The probability of rejecting the null hypothesis in a statistical test when it is actually true; a threshold used to determine the critical value at which the observed data is considered statistically significant.
Significance Level
The chance of wrongly rejecting the true null hypothesis during a statistical examination.
Confidence Interval
A statistical range, with a given probability, that is likely to contain the true value of an unknown population parameter.
Mean Weekly Salary
The average amount of money earned by workers in a week, calculated by summing all weekly salaries and dividing by the number of salaries.
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