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Why Is It Important for Businesses to Be Aware of Trends

question 200

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Why is it important for businesses to be aware of trends in the political?legal environment?


Definitions:

Significance Level

The probability threshold below which a null hypothesis is rejected in hypothesis testing, often denoted by alpha (α).

Obtained Value

The result or outcome achieved from a calculation or experiment.

P Value

A statistical measure that indicates the probability of the observed data occurring under a specific hypothesis.

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