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A Significance Level of P<0

question 2

True/False

A significance level of p<0.05 means that there are fewer than 5 chances in 100 of concluding there is a relationship in the population of job applicants, when in fact, there is not.


Definitions:

Internet Application

A computer program that runs on a web server and interacts with users through a web browser over the Internet.

Amazon's Cloud

Amazon Web Services (AWS), a subsidiary of Amazon providing on-demand cloud computing platforms and APIs to individuals, companies, and governments.

Operating Costs

The expenses associated with running a business's day-to-day operations, such as wages, rent, and utilities.

Proprietary Algorithm

A unique, privately owned algorithm that is not disclosed to the public and gives a competitive advantage to its owner.

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