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What is QR codes and can companies use them to improve interactions with their customers?
P-Value
The probability of observing test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is true.
Critical Value
A threshold in hypothesis testing that defines the boundary or cutoff point at which the test statistic is considered significant.
Null Hypothesis
A hypothesis that suggests there is no statistical significance between the two specified populations or sets of data.
Test Statistic
A calculated value from sample data used to make a decision about the validity of a hypothesis in statistical hypothesis testing.
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