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Benchmarking Involves Four Basic Steps,which Are

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Benchmarking involves four basic steps,which are:


Definitions:

Alpha Levels

A threshold value that determines the significance level of a statistical test, representing the probability of rejecting a true null hypothesis (committing a Type I error).

Two-tailed Test

A statistical test that considers the possibility of both positive and negative differences or effects.

Research Hypothesis

A specific and testable prediction about the relationship between two or more variables.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, suggesting that there is a statistical effect or a significant difference in the population.

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