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Blake is interested in training for his first marathon and wants to determine whether the finishing place of non-elite marathon runners depends on the type of training program used.There are three training programs he is interested in comparing: Hal Higdon's, Jeff Galloway's, and Art Liberman's.Blake is able to track down 30 runners, 10 who have used Higdon's, 10 who have used Galloway's, and 10 who have used Liberman's.Blake asks the runners how they placed in the marathon.What statistic should he use to analyze his data?
Income
The money received, especially on a regular basis, for work, through investments, or from business activities.
Gains
Increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases in liabilities.
GAAP
GAAP, which stands for Generally Accepted Accounting Principles, is a set of accounting standards and conventions that guide how financial statements are prepared and reported.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aims to ensure transparency and comparability of financial statements globally.
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