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Refer to the Scenario Below to Answer the Questions That

question 62

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Refer to the Scenario below to answer the questions that follow.
The External Environment (Scenario)
DigiTech Corporation is a manufacturer of handheld language translation devices.There are many forces in the external environment that influence DigiTech,and its managers are monitoring them closely.One factor is the upcoming federal election.If elected,the leading political candidate has promised to cut corporate taxes to help stimulate the economy.Another factor is the emergence of new competitors with products similar to DigiTech's best-selling model: the Speak-Easy.Advances in the processing speed of computer chips have shortened product development cycles and made it easier for new companies to enter the market.Unfortunately,the recent increase in competition has led to supplier shortages of key components like microphones and micro-speakers,and left DigiTech scrambling to find new sources!
-The external environment of DigiTech consists of the specific environment,________.


Definitions:

Rejection Region

The area in the probability distribution that, if the test statistic falls within, leads to the rejection of the null hypothesis.

P-value Method

A statistical approach that determines the significance of results by comparing the p-value to a predetermined level of significance, often determining if there is enough evidence to reject a null hypothesis.

Rejection Region

The range of values for which the null hypothesis is rejected in hypothesis testing, based on the chosen significance level.

Level Of Significance

The probability threshold below which the null hypothesis is rejected in statistical testing, indicative of the risk of a Type I error.

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