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OLga [1]
1 year ago
12

The scientific revolution established new methods of investigating the world, including?

Business
1 answer:
LenKa [72]1 year ago
7 0

Including the <u>testing of hypotheses</u>

<h3>What are Testing Hypotheses?</h3>

In statistics, hypothesis testing is the process by which a population parameter assumption is put to the test. Depending on the type of data used and the goal of the research, the analyst will choose a certain approach.

Utilizing sample data, hypothesis testing is a method used to determine whether a hypothesis is tenable. Such information could originate from a bigger population or a data-generating process. In the following descriptions, "population" will be used to refer to both of these scenarios.

A statistical sample is tested by an analyst during hypothesis testing with the aim of demonstrating the plausibility of the null hypothesis.

By measuring and reviewing a representative sample of the population under study, statistical analysts can evaluate a theory. Every analyst employs a random population sample to test the null hypothesis and the alternative hypothesis.

A null hypothesis may declare, for instance, that the population means the return is equal to zero. The null hypothesis is typically an equality hypothesis for population parameters. A null hypothesis is effectively the opposite of the alternative hypothesis (e.g., the population means the return is not equal to zero). They cannot both be true because they are mutually exclusive.

Therefore, one of these two hypotheses will be true.

For more information on the Hypothesis, refer to the given link:

brainly.com/question/13025783

#SPJ4

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Answer:

The correct option is these statements are true

Explanation:

Margin of safety is the measure of the reduction in sales that needs to be recorded before a company makes no profit,invariably the difference the planned sales volume and the sales volume required to break even(makes no profit no loss).

The margin of safety can be expressed in volume,say 100 units of a product,in dollar terms ,say each product sells for $100 each,the margin of safety becomes $10,000($100*100) and can also be expressed in percentage terms depending on the way management wants it stated.

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There must be a<u> cordial relationship</u> and trust between two manufacturers in a business ecosystem working towards developing a new product for consumers.

<h3>What is a Business Ecosystem?</h3>

A business ecosystem is a deliberate commercial arrangement involving two or more organizations to develop and share a common value for consumers.

Every business ecosystem contains participants, and at least one of them serves as the controller. There must be a<u> cordial relationship</u> and trust between two manufacturers in a business ecosystem working towards developing a new product for consumers.

The primary advantage of adopting business ecosystems is to be better positioned, promote innovation, and maximize capital efficiency in order to produce customer value.

Learn more about Business Ecosystem here:

brainly.com/question/3723558

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True

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