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When applying statistical tests involving comparing two means or a sample to a population mean, there are many organizational applications. For example, Human Resources may want to track entrance exam scores of their new hires. This would be an example of two mean comparison. In terms of the recent election, Gallup may take a sample and compare to a population of candidate votes (sample mean compared to a population mean).

Think of an example in your organization of either one of these tests and discuss its application as well as the risk of type 1 or 2 errors.

Reference no: EM131444738

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