Examlex
The number of good units or quantity of services that are produced and sold by an organization within a specified time is referred to as process quality yield.
Alpha
A predetermined threshold in hypothesis testing that defines the probability of making a Type I Error, usually set at 0.05, indicating a 5% risk of false positive.
Null Hypothesis
A hypothesis that suggests there is no significant difference or effect, serving as a default position until evidence suggests otherwise.
Statistical Significance
A determination that a relationship between variables or a difference between groups is likely not due to chance, based on a predetermined threshold.
Reject
In the context of statistical hypothesis testing, to conclude that the evidence is sufficiently strong to discard the null hypothesis.
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