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Exhibit 12-7
You want to test whether or not the following sample of 30 observations follows a normal distribution. The mean of the sample equals 11.83, and the standard deviation equals 4.53.
-Refer to Exhibit 12-7. The p-value is
Perfect Prediction
A situation where a model or analysis predicts the outcome with 100% accuracy, with no errors.
Regression Equation
An equation that describes the line of best fit through a dataset, used to predict the outcome variable.
Regression Line
A line of best fit through a dataset, used to predict the value of a dependent variable based on the value of an independent variable.
Standard Error
An estimate of the standard deviation of a sampling distribution, often used in inferential statistics.
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