Identify and State the Historical Significance of the Following

question 46

Short Answer

Identify and state the historical significance of the following:
-Margaret Thatcher

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Definitions:

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, a measure of the risk of making a Type I error.

Alternative Hypothesis

The hypothesis that there is a significant difference or effect, contrasting with the null hypothesis and indicating the presence of an observed effect.

Type II Error

A statistical mistake where a false null hypothesis is not rejected, meaning the test fails to observe a difference when in truth there is one.

Population Mean

The average value of a characteristic in a population, calculated by summing all the values and dividing by the number of values.