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As a part of the internal control over cash receipts by mail,the mailroom sends both the customer checks and the remittance advices to the accounting department.
Critical Value Z
A threshold value on the standard normal distribution used in hypothesis testing to decide whether to reject the null hypothesis.
Test Statistic
A value calculated from sample data during a hypothesis test. It is used to decide whether to reject the null hypothesis.
Critical Value(s)
The threshold values used in hypothesis testing to determine whether to reject the null hypothesis, based on the chosen significance level.
Hypotheses
Statements made for the purpose of testing if they are true or false within the context of scientific research or experiments.
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