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Joe believes that there are absolute standards of right and wrong.Joe's belief is an example of market value ethics.
Null Hypothesis
A hypothesis that assumes no statistical significance or effect in the population from which a sample is drawn.
Probability
A numeric scale from 0 to 1 indicating how probable an event is to take place.
Statistic
A numerical value that describes a characteristic of a sample.
Regions of Rejection
Areas in a statistical test that, if a test statistic falls within, lead to the rejection of the null hypothesis.
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