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Describe 527 and 501(c)4 organizations.
Specified Value
A particular or defined value, often set as a criterion or standard.
Null Hypothesis
A hypothesis in statistics that assumes there is no significant difference or effect and serves as the default assumption in a hypothesis test.
Significance Level
A threshold used in hypothesis testing to determine whether to reject the null hypothesis, typically expressed as a probability such as 0.05 or 5%.
Type II Error
The failure to reject a false null hypothesis, also referred to as a "false negative."
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