Online Real-Time (OLRT) Systems Gather Business Event Data at the Time

question 97

True/False

Online real-time (OLRT) systems gather business event data at the time of occurrence, update the master data essentially instantaneously, and provide the results arising from the business event within a very short amount of time.

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Definitions:

Test Statistic

A calculated value used in statistical hypothesis testing that helps decide whether to reject the null hypothesis.

P-Value

A statistical measure that helps determine the significance of results, indicating how likely it is that findings could have occurred under the null hypothesis.

Test Statistic

A statistic calculated from sample data and used in hypothesis testing to determine the plausibility of the null hypothesis.

Null Hypothesis

A hypothesis that there is no significant difference or relationship between specified populations, which serves as a default position until evidence indicates otherwise.