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Explain how hypothesis testing can be useful in business. For example, how can it help a company make decisions about product launches, marketing campaigns, or
Explain how hypothesis testing can be useful in business. For example, how can it help a company make decisions about product launches, marketing campaigns, or process improvements. Provide examples and reallife applications. Also discuss the ethical aspects of hypothesis testing. How should companies handle data, ensure fairness, and avoid biases when making decisions based on statistical analysis?
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