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Emerson is preparing a memo report recommending that his company use an event planner for an upcoming corporate function. He includes all the pertinent information regarding costs, services provided, and why this choice would better serve the company's needs.
-When composing his report, Emerson should ________.
Wilcoxon Rank Sum Test
A statistical test that doesn't rely on parameter-based data, designed to evaluate if there's a difference in the population mean ranks between two unrelated samples.
5% Significance Level
A threshold in hypothesis testing that indicates a 5% probability of rejecting the null hypothesis when it is actually true, a standard benchmark in statistical analysis to determine significance.
Location Of Population
Describes the geographic or spatial distribution of members or elements of a given population.
Approximate Normal Distribution
A distribution that is closely similar to a normal distribution in properties but not exact.
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