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i. If the critical values of the test statistic z are 1.96, they are the dividing points between the areas of rejection and non-rejection. ii. The probability of a Type I error is also referred to as alpha.
iii. A Type I error is the probability of rejecting a true null hypothesis.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, describing how much individual data points differ from the mean.
Sample Mean
The average of a set of numerical values drawn from a sample of a population, used as an estimate of the population mean.
Margin Of Error
The amount of error that can be tolerated in the results of a poll or survey, indicating the potential deviation from the true population parameter.
Confidence Interval
A spectrum of numbers, extracted from sample observations, presumed to hold the value of a not yet identified population characteristic.
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