List Some Benefits Derived from E-Commerce

question 5

Essay

List some benefits derived from E-commerce.

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Definitions:

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect in a given set of observations.

Point Estimate

A single value or statistic that serves as the best guess or best estimate of an unknown population parameter.

Population Proportion

The fraction of members in a statistical population that meet a specified characteristic or criteria, often estimated using sample data.

Defective Items

Products that fail to meet quality standards or specifications and are therefore unsuitable for sale or use.