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A method is proposed to calculate the confidence level for agreement of datawith the Standard Model (SM) by combining information from direct and indirectHiggs Boson searches. Good agreement with the SM is found for $m_H \simeq 120$GeV using the observables most sensitive to $m_H$: $A_l$ and $m_W$. Inparticular, quantum corrections, as predicted by the SM, are observed with astatistical significance of forty-four standard deviations. However, apparentdeviations from the SM of 3.7$\sigma$ and 2.8$\sigma$ are found for the Z$\nu\bar{\nu}$ and right-handed Zb$\bar{{\rm b}}$ couplings respectively. Themaximum confidence level for agreement with the SM of the entire data setconsidered is $\simeq 0.006$ for $m_H \simeq 180$ GeV. The reason whyconfidence levels about an order of magnitude higher than this have beenclaimed for global fits to similar data sets is explained.Comment: 47 pages, 8 figures, 24 tables. An in-depth study of statistical  issues related to the comparison of precision EW data to the S

The experimental status of Higgs Sector of the Standard Electroweak Model at the end of the LEP-SLC era