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Level of Significance
The probability threshold below which the null hypothesis is rejected in hypothesis testing, typically denoted by alpha (α).
Null Hypothesis
A statement that there is no effect or no difference, and it serves as the default or starting assumption in hypothesis testing.
Variance
A measure of the dispersion of a set of data points around their mean value, quantifying how much the data points differ from each other.
Standard Deviation
A measure that quantifies the amount of variation or dispersion of a set of numeric values.
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