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What is the account, Accounts Payable, used for?
One-tail Test
A statistical hypothesis test where the area of interest is in only one tail of the distribution.
Nominal Data
Nominal data refers to a type of data that is categorized without a natural order or rank, such as names, labels, or categories.
Z-test
A statistical test used to determine if there is a significant difference between the means of two variables, based on a normal distribution.
Chi-squared Distribution
A statistical distribution showing how the sum of squared independent standard normal variables is distributed, often used in hypothesis testing.
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