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Exhibit 5-11
A local bottling company has determined the number of machine breakdowns per month and their respective probabilities as shown below:
-Refer to Exhibit 5-11. The probability of no breakdowns in a month is
Negative Correlation
A correlation between two variables where the growth of one inversely affects the decline of the other.
Statistical Significance
A measure indicating that the likelihood of the observed results occurring by chance is very low, typically used in hypothesis testing to validate study findings.
Observed Differences
Variations noted in the outcomes or characteristics of subjects within a study or experiment.
Normal Curve
A bell-shaped curve that represents the distribution of a set of data where most occurrences take place in the middle, near the average.
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