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In public opinion polls, 1 in 6 people thinks that there is a crime problem in their community, but 5 in 6 people think that there is a crime problem in society. This difference in opinion is an example of a faulty use of
Z Statistic
A statistic that tells us how many standard deviations an element is from the mean. It is used in hypothesis testing.
Probability
A measure quantifying the likelihood that events will occur, ranging from 0 (impossibility) to 1 (certainty).
α
Typically used to denote the level of significance in hypothesis testing, representing the probability of rejecting a true null hypothesis or the threshold of rareness.
β
Often used to represent the slope coefficient in linear regression analysis, indicating the change in the dependent variable for a one-unit change in an independent variable.
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