Examlex
The probability of a particular outcome must always be between 0.0 and 1.0 inclusive.
Arrival Rate
In the context of queueing theory, it refers to the average number of items (customers, calls, etc.) arriving at a service facility per unit of time.
Level of Significance
The threshold below which a p-value is considered to indicate a statistically significant result, typically set at 0.05 or 5%.
Degrees of Freedom
Represents the number of independent values or quantities which can be assigned to a statistical distribution without violating any constraining conditions.
Test Statistic
A standardized value used in statistical hypothesis testing to determine whether to reject the null hypothesis.
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