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With hypothesis testing, there are only two types of errors: Type I error where we incorrectly reject Ho and Type II error where we incorrectly retain Ho.
Pay Equity Legislation
Laws aimed at eliminating the gender pay gap by ensuring that men and women receive equal pay for work of equal value.
Employment Standards
Legal requirements related to work conditions, including hours of work, minimum wage, leaves, and termination, ensuring fair treatment of employees.
Severance Payments
Compensation provided to employees upon dismissal or termination from a company that is usually based on length of service.
Dismissed Executives
Senior employees who have been removed from their positions within a company, often due to performance issues, restructuring, or changes in strategic direction.
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