Examlex
Which statement regarding comparative methods of performance appraisal is incorrect?
Population Proportion
The ratio or fraction of members in a population that have a particular characteristic, often denoted by P.
Sample Proportion
The fraction of the sample that displays a certain property or characteristic.
Null Hypothesis
The null hypothesis is a statement used in statistical testing that proposes there is no significant difference or effect, serving as the default assumption to be tested against.
Level of Significance
The threshold below which a p-value is considered statistically significant, typically set at 0.05 or 5%, indicating the probability of rejecting the null hypothesis when it is true.
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