Examlex
Which of the following strategies can an organization use to respond to pressures for local responsiveness?
Probability
The quantification of the chance of an event happening, represented as a number from 0 to 1, with 0 meaning the event is impossible and 1 meaning the event is certain.
P-Value
The probability of observing data at least as extreme as the ones observed, under the assumption that the null hypothesis is true.
Explanatory Variable
A variable in a statistical model that is believed to cause or influence changes in a response variable.
Test Statistic
A test statistic is a calculated value from sample data used in hypothesis testing to determine whether to reject the null hypothesis.
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