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Preventive maintenance is nothing more than keeping the equipment and machinery running.
P-Value
The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is true.
P-Value
The probability of observing a test statistic at least as extreme as the one observed, under the assumption that the null hypothesis is true.
Level of Significance
The probability of rejecting the null hypothesis when it is actually true, used as a threshold in hypothesis testing.
Test Statistic
A calculated value from a data sample used to test a hypothesis against some criteria.
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