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The finance manager, operations manager, and project manager of a company got together for a meeting to discuss the progress of an ongoing project. Which of the following types of communication is exemplified in this scenario?
Null Hypothesis
A hypothesis that assumes there is no statistical significance in a set of given observations and that any observed difference is due to sampling or experimental error.
P-Value
The probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is true.
P-Value
The probability of observing a test statistic at least as extreme as the one observed, under the assumption that the null hypothesis is true.
Level of Significance
The probability of rejecting the null hypothesis when it is actually true, used as a threshold in hypothesis testing.
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