Examlex
What is a strategic business unit (SBU)and how is it involved in a business portfolio analysis?
Probability
Probability is the measure of the likelihood that an event will occur, expressed as a number between 0 and 1.
Statistic
A single measure, calculated from sample data, used to summarize a characteristic of the sample.
Critical Value
A point on the scale of a test statistic beyond which the null hypothesis is rejected, often determined by the desired significance level.
Null Hypothesis
A hypothesis that assumes no statistical significance or relationship between the variables studied, serving as a default position until evidence suggests otherwise.
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