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A study of the net sales of a sample of small corporations revealed that the mean net sales is $2.1 million,the median $2.4 million,the modal sales $2.6 million and the standard deviation of the distribution is $500,000.What is the Pearson's coefficient of skewness?
Alternative Hypothesis
A hypothesis that contradicts the null hypothesis, proposed when the null hypothesis is expected to be rejected.
Descriptive Terms
Words or phrases used to describe or characterize a particular subject or phenomena without quantifying it.
Standardized Test Statistic
A standardized test statistic is a calculated value used to determine the distance of a data point from the mean in units of standard deviation, often used in hypothesis testing.
Null Hypothesis
A hypothesis that suggests there is no statistical significance between the two variables in the hypothesis.
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