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Tech Performance, Inc., completes programming and other tech services for Uno IT Products Corporation. When Uno's computer system crashes, it loses $500,000 worth of business and pays $100,000 to have the system reprogrammed. Uno IT announces to the media that the crash was due to Tech Performance's incompetence and files a complaint in a federal court against the firm. What are Tech Performance's options in response?
Standard Error
The standard deviation of the sample mean distribution, often used to estimate the accuracy of the sample mean compared to the population mean.
T-statistic
A type of statistic that is used to determine if there is a significant difference between the means of two groups.
Standard Error
A statistical measure that estimates the accuracy with which a sample distribution represents a population by using standard deviation.
T-statistic
A type of statistic used in hypothesis testing to determine if there is a significant difference between two sets of data.
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