Examlex
A group of young students run an Internet center. In an attempt to increase their profitability they start a cafe alongside the existing business. Explain the type of marketing used here.
Level of Significance
The probability threshold below which the null hypothesis is rejected in hypothesis testing, typically denoted by alpha (α).
Null Hypothesis
A statement that there is no effect or no difference, and it serves as the default or starting assumption in hypothesis testing.
Variance
A measure of the dispersion of a set of data points around their mean value, quantifying how much the data points differ from each other.
Standard Deviation
A measure that quantifies the amount of variation or dispersion of a set of numeric values.
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