Examlex
What are the six major steps involved in setting prices?
Test Statistic
A calculated value used in statistical hypothesis testing to determine whether to reject the null hypothesis.
Chi-Square Test
A statistical test used to determine whether there is a significant association between two categorical variables.
Independence
A concept in probability and statistics indicating that two events or variables have no association or influence on each other.
Categorical Variables
Variables that represent categories and can take on a limited, and usually fixed, number of possible values.
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