Business Statistics Quiz
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PROBLEM-SOLVING & STATISTICAL COMMUNICATION
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A retail chain's data scientists found that a new recommendation algorithm increased average purchase amounts with p = 0.0001 across 100,000 customers. The algorithm raised average purchases from $47.20 to $47.85. Implementation requires $500,000 in development costs and $50,000 monthly maintenance. With 2 million monthly customers, which analysis of significance is most appropriate?
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