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What is the amount of net income for the year?
Degrees of Freedom
In statistics, the number of independent values or quantities that can be assigned to a statistical distribution.
Distribution Table
A table that displays the frequency of various outcomes in a sample, often used in statistics to organize data.
Rule of Five
A statistical rule stating that if a sample size is very small (n=5), the median can serve as an estimate of the population mean under certain conditions.
Observed Frequency
The observed frequency is the actual number of times an event occurs in a dataset or experiment.
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