Examlex
Probability theory focuses on waiting time.
Rejection Region
The spectrum of results causing the null hypothesis to be dismissed in hypothesis testing.
Confidence Level
The probability, expressed as a percentage, that the range of a confidence interval contains the true parameter value.
Critical Value
A critical value is a threshold in hypothesis testing that defines the boundary or cutoff points for deciding whether to reject the null hypothesis.
Population Mean
The average value of a property in a population, calculated by summing the values of all members of the population and dividing by the total number of members.
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