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Explain How Supply Chain Network Design Decisions Are Classified

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Explain how supply chain network design decisions are classified.


Definitions:

Critical Value

A threshold in hypothesis testing that defines the boundary between the region where the null hypothesis is rejected and where it is not.

Degrees of Freedom

The number of independent values or quantities that can vary in the statistical analysis without violating any constraints.

Degrees of Freedom

The number of values in the final calculation of a statistic that are free to vary.

Null Hypothesis

A hypothesis that asserts there is no significant difference or effect and serves as the default assumption to be tested against an alternative hypothesis.

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