-What is the test statistic T?
Definitions:
Critical Value
A point on the scale of a test statistic beyond which the null hypothesis is rejected, often determined by the desired significance level.
Null Hypothesis
A hypothesis that assumes no statistical significance or relationship between the variables studied, serving as a default position until evidence suggests otherwise.
Benefit Packages
A collection of non-wage compensations provided to employees, such as health insurance, retirement plans, and paid time off.
Pay Structures
are the organization of different levels of salaries based on roles, experience, and seniority within a company, providing a framework for compensation.
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