Null Hypothesis:The null hypothesis is a statistical hypothesis that states that there is no significant difference between a population parameter and a sample statistic or that there is no significant relationship between two variables.
Significance Level:The significance level, denoted as α, is the probability of rejecting the null hypothesis when it is true. It is the maximum acceptable probability of making a Type I error, which is the error of rejecting the null hypothesis when it is actually true.
Z-Score:The z-score is a standardized score that represents the number of standard deviations a data point is from the mean of a normal distribution. It is used to determine the probability of a value occurring within a normal distribution.