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How is the federal gun registry program an example of Weber's fear of irrational bureaucracy?
Variance
A measure of the dispersion or spread of a set of values, quantified as the average of the squared deviations from the mean.
Critical Value
A point on the scale of the test statistic beyond which we reject the null hypothesis; it defines the cutoff between significant and non-significant results.
Significance Level
Another term for level of significance, it represents the probability of rejecting the null hypothesis when it is actually true, typically denoted by alpha (α).
Standard Deviation
A statistical metric that quantifies the dispersion or variability of a dataset relative to its mean.
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