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Why Do Products Fail

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Why do products fail?


Definitions:

Critical Value

A threshold in hypothesis testing, determined by the chosen significance level, above which the null hypothesis is rejected.

Predictor Variables

Variables in statistical models used to predict or explain changes in a response variable, similar to independent variables.

Sample Data Points

Specific values or subsets selected from a larger dataset or population that are analyzed to infer properties of the whole population.

Significance Level

A rephrased version for Level of Significance; it's the probability of rejecting the null hypothesis when it is true, serving as a critical threshold for determining the statistical significance of an observed effect.

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