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Closing entries are journalized after adjusting entries have been journalized.
Confidence Interval
A range of values, derived from statistical analysis, that is likely to contain the true parameter value.
Sample
A subset of a population selected for measurement, observation, or questioning to provide data for analysis.
Mean
A mathematical term that represents the sum of values in a dataset divided by the number of values, serving as a measure of central tendency.
Standard Deviation
An index showing the degree of spread or variability among a collection of numbers.
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