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Define outsourcing and discuss its advantages and disadvantages.
Alpha
Alpha, also known as the level of significance, indicates the threshold at which we reject the null hypothesis, typically set at 0.05 or 5%.
Two-tailed
A test of significance that checks for the possibility of either a positive or negative effect and doubles the significance level.
Critical Value
A threshold in hypothesis testing that determines the boundary for rejecting the null hypothesis, based on the chosen significance level.
Two-tailed
A test of significance that considers the possibility of both an increase and a decrease in the measured variable, effectively doubling the critical regions for a given alpha level.
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