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Shrinkage is the most serious problem facing retail stores.
Significance Level
The probability of rejecting the null hypothesis in a statistical test when it is actually true; a measure of the risk of making a Type I error.
Test Statistic
A calculated value used in statistical testing to determine whether to reject the null hypothesis.
T Value
A measure derived in a t-test that shows the size of the difference relative to the variation in your sample data.
T Test
A statistical hypothesis test used to determine if there is a significant difference between the means of two variables.
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