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Peter is creating a spreadsheet to summarize labor costs, which is shown above. He has entered information into the Description column, Quantity/Shoe column, and Total Cost column. However, there are several errors in the Total Cost column.
-The chart shows that 30 appliques can be attached for a cost of $10/hour. If there are 6 appliques per shoe (cell B12) , how much is the cost per shoe for applying the appliques?
Statistical Analysis
The process of collecting, reviewing, interpreting, and presenting data to discover underlying patterns and trends.
P < .01
Indicates that the probability of the observed data (or more extreme) given that the null hypothesis is true is less than 1%, suggesting strong evidence against the null hypothesis.
Null Hypothesis
A presumption in statistical inference that indicates no significant variance between groups or no significant relationship between variables.
Statistic
Numeric characteristic of a sample.
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