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Use P-Values to Draw Conclusions About Hypothesis Tests

question 13

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Use p-values to draw conclusions about hypothesis tests.
-On studying the database, the manufacturer found out that the average difference between the estimated and actual total costs was $394. Based on the sample data, can the manufacturer conclude that the average difference between the estimated and actual total costs is different from zero?


Definitions:

Permissive

A parental approach where there's minimal expectations combined with a high level of attentiveness.

Authoritative

Refers to an assertive and confident command of knowledge or the exercising of control, often associated with leaders or experts in a particular field.

Psychoanalysis

A therapeutic approach developed by Sigmund Freud that seeks to explore the unconscious mind's roles in shaping behaviors.

Behaviorism

A theory of human development that studies observable actions. Behaviorism is also called learning theory, because it describes how people learn to do what they do.

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