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A(n) _________ Database Is Used to Collect Data That Will

question 15

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A(n) _________ database is used to collect data that will be used for spotting trends that offer insights for tactical and strategic business decisions.


Definitions:

Test Statistic

A value calculated from sample data during a hypothesis test that is used to determine whether to reject the null hypothesis.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Pooled Standard Error

A method to estimate the standard error across two or more samples by combining the individual standard deviations into a single measure, often used in t-tests.

Confidence Interval

A variety of values obtained from sample data that probably encompasses the value of an unspecified population characteristic.

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