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You need to send a message to a client that provides a detailed proposal for a project your company is bidding on. When you make a decision about whether to send an e-mail or a letter, which of the following might be the deciding factor in your decision?
Sampling Distribution
The distribution of chance for a designated statistic, rooted in a random sample.
P-Value
The odds of encountering test findings at least as extreme as the observed ones, given that the null hypothesis is accurate.
Hypothesis Testing
A statistical method that uses sample data to evaluate a hypothesis about a population parameter, leading to a decision to accept or reject the hypothesis.
Test Statistic
A numerical value calculated from a sample of data used in statistical testing to determine whether to reject the null hypothesis.
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