Examlex
Magnetic tape can store large amounts of data at the lowest cost per bit of any backup medium.
Test Statistic
A value calculated from sample data that is used to evaluate the validity of a hypothesis.
Significance Level
The threshold at which a result is considered statistically significant, typically set at a p-value less than 0.05.
Sample Variance
A measure of variance calculated from a sample of data, representing the average of the squared differences from the mean.
Population Variance
A measure that quantifies the spread of a set of data points in a population, calculated as the average of the squared differences from the Mean.
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