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Business Management. (These items were developed by teachers for the Technical Skills Assessment. Below is a sample item for each program standard.) Question 1 of 7. How is the relationship between different departments on the same organizational level described? A) Hierarchical. B) Vertical. C) Line. D) Horizontal. Question 2 of 7.
30 Μαρ 2021 · The real value of hypothesis testing in business is that it allows professionals to test their theories and assumptions before putting them into action. This essentially allows an organization to verify its analysis is correct before committing resources to implement a broader strategy.
A student believes that less than 40% of students at her school fear public speaking. She randomly surveys 361 schoolmates and finds that 135 report they fear public speaking. Conduct a hypothesis test to determine if the percent at her school is less than 40%.
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Conduct a hypothesis test using a 2.5% level of significance to determine if the mean time is more than 475.
A hypothesis test involves collecting data from a sample and evaluating the data. Then, the statistician makes a decision as to whether or not there is sufficient evidence, based upon analyses of the data, to reject the null hypothesis.
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