Examlex
Research that attempts to verify a theory but which is not intended to solve any specific business problem is known as ____________________ research.
Independent Random Samples
This term describes a statistical method in which each member of a set has an equal probability of being chosen, and the selection of one member is made without influencing the selection of any other member.
Significance Level
The threshold at which researchers decide whether an effect or result observed in data is statistically significant, commonly set at 0.05 or 5%.
Summary Statistics
Refers to a set of descriptive indices that summarize the central tendency, dispersion, and shape of a dataset distribution, including measures such as mean, median, variance, and standard deviation.
T-Test
A statistical test used to compare the means of two groups to see if they are significantly different from each other.
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