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An overstatement of the beginning inventory results in
Null Hypothesis
A default statement that indicates no effect or no difference, used as a starting point for statistical hypothesis testing.
Directional Hypothesis
A hypothesis that outlines the anticipated direction of the difference or relationship.
Critical Value
A threshold in a statistical test that defines the boundary for deciding whether an observed statistic is extreme enough to reject the null hypothesis.
Alpha
A threshold value used in hypothesis testing to determine the significance level at which the null hypothesis is rejected in favor of the alternative hypothesis.
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