Examlex
Identify and explain the significance of the following names or terms.
-Utilitarianism
P-value
The probability of obtaining test results at least as extreme as the ones observed, assuming the null hypothesis is true.
Significance Level
The probability of rejecting the null hypothesis when it is actually true, often denoted by alpha.
Allergy Drug
A type of medication specifically designed to prevent or alleviate the symptoms associated with allergic reactions.
Confidence Interval
A range of values defined so that there is a specified probability that the value of a parameter lies within it.
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