Examlex
What is the numerical value describing the status of a given population?
States of Nature
Different potential scenarios or outcomes that can occur in a decision-making problem, independent of the decision maker's choices.
Null Hypothesis
A statement or assumption that indicates no statistical significance or effect, typically that there is no difference between groups or variables.
Standard
A recognized level of quality or attainment or a rule established by authority, custom, or general consent.
Probability
The quantification of the probability that an event will take place, represented by a numeric value ranging from 0 to 1.
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