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Describe the Innovation Process

question 17

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Describe the innovation process.


Definitions:

Statistically Significant

Refers to a result that is unlikely to have occurred by chance alone, according to a predefined significance level, often indicating a strong evidence against the null hypothesis.

Hypotheses

Plural of hypothesis; propositions or assumptions made for the sake of argument that are tested through research or experimentation to be proven or disproven.

Z Statistic

The Z statistic is a measure used in statistics to describe the distance in standard deviations a data point is from the mean of a data set.

Hypotheses

Predetermined statements or propositions that are tested through scientific methods to see if they hold true under specific conditions.

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