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Lisa is an HR manager who has been assigned the task of establishing pay rates to ensure external equity.What should Lisa most likely do first?
Probability
A numeric scale between 0 and 1 that quantifies how likely an event is to take place.
z
In statistics, 'z' typically refers to a z-score, a measure of how many standard deviations an element is from the mean.
Standard Normal Random Variable
A random variable that has a normal distribution with a mean of 0 and a standard deviation of 1.
P
Sometimes used as shorthand for "P-value," which assesses the strength of evidence against a null hypothesis in statistical testing.
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