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Kelly is an attorney and also an excellent typist. She can type 120 words per minute, but she is pressed for time because she has all the legal work she can handle at $75 per hour. Kelly's friend Todd works as a waiter and would like some typing work (provided that he can make at least his wage as a waiter, which is $25 per hour) . Todd can only type 60 words per minute.
Proportions
Ratios indicating the fractional part of a whole that have specific characteristics.
Critical Value
A point on the scale of the test statistic beyond which we reject the null hypothesis, significant in hypothesis testing.
Level of Significance
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.
Proportions
A statistical measure that reflects the size of a part compared to the whole, typically expressed as a fraction or a percentage.
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