Examlex
The following data relates to Alpha Inc. and Sigma Solutions: Which of the following statements is true of Alpha and Sigma?
Confidence Interval
An assortment of values, from sampled evidence, which possibly contains the value of an unknown parameter of the population.
Estimator
An estimator refers to a statistic used to estimate the value of a population parameter based on sample data.
Significance Level
The probability of rejecting the null hypothesis in a statistical test when it is actually true, typically denoted by alpha (α).
Pilots' Union
An organization representing the collective interests of pilots, often involved in bargaining for better wages, working conditions, and safety standards.
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