Examlex
The first step in the planning process is to determine whether there is a gap between a company's desired position and its actual position.
Type II Error
A statistical error that occurs when one fails to reject a false null hypothesis, also known as a "false negative" finding.
Type I Error
The incorrect rejection of a true null hypothesis, also known as a "false positive" in hypothesis testing.
Specified
Clearly stated or identified; set forth explicitly.
Z-Test
The Z-test is a statistical procedure used to determine if there is a significant difference between sample and population means under the assumption of a known variance.
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