Examlex
List and describe the elements of supply chain management.
Alpha Level
The threshold of significance in hypothesis testing, typically set at 0.05, indicating the probability of wrongly rejecting the null hypothesis.
Power Consumption
The amount of energy used by devices or systems over a certain period, often measured in watts or kilowatts.
P-value
The probability of obtaining test results at least as extreme as the observed results, assuming the null hypothesis is correct.
Sample Size
The number of units or observations collected from a population for the purpose of a statistical analysis.
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