Examlex
Compute the amount of interest owed on a 60-day,8 percent note for $9,000.
Ordinal
Pertains to a categorical ranking where the order among values is significant but not the distance between them.
Interval
A range between two numbers or points, often used to specify the precision of an estimate or the coverage of a dataset.
Kruskal-Wallis Test
The Kruskal-Wallis Test is a non-parametric statistical test used to determine if there are statistically significant differences between two or more groups of an independent variable on a continuous or ordinal dependent variable.
Chi-Squared Distribution
A statistical distribution that is used to describe the distribution of a sum of the squares of k independent standard normal variables, commonly used in hypothesis testing.
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