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The Razzmatazz Group of companies plans to launch a new flavor of crackers that is distinct and unusual.Which one of the following strategies is the company following to become more competitive?
Chi-square Statistics
A statistical measure used to analyze the differences between categorical variables in a contingency table.
Degrees of Freedom
The amount of separate values or quantities that can be attributed to a statistical distribution.
P Value
A statistical measure that helps determine the significance of results, indicating the probability of observing the results if the null hypothesis is true.
Null Hypothesis
An initial hypothesis that assumes no association or difference between groups or variables, tested against an alternative hypothesis.
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