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Exhibit 12-7 You Want to Test Whether or Not the Following Sample

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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. 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 A) greater than 0.1 B) between .05 and 0.1 C) between .025 and .05 D) between .01 and .025
-Refer to Exhibit 12-7. The p-value is


Definitions:

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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