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Active customer contact and personalized attention can lower cost to the customer by:
Level Of Significance
The threshold beyond which the results of a statistical test are considered statistically significant.
P-value
The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is true.
Test Statistic
A value calculated from sample data during a hypothesis test to determine whether to reject the null hypothesis.
Randomly Selects
The process of choosing individuals or items from a population in such a way that each has an equal chance of being chosen.
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