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With reference to nations of the world, why are the terms more developed and less developed now preferred?
Sample Mean
The average of a set of numerical values taken from a larger population, used as an estimate of the population mean.
Critical Value
A threshold value in hypothesis testing used to determine whether to reject the null hypothesis, based on the observed statistic and the chosen significance level.
Null Hypothesis
A hypothesis that there is no significant difference or effect and serves as a default position until evidence suggests otherwise.
P-Value
The probability of observing results as extreme as those obtained during a statistical hypothesis test, assuming the null hypothesis is true.
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