Examlex
Why do products fail?
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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