Examlex
The quantity of stock that a decedent owns in a closely held corporation can have an effect on its valuation. Explain this statement.
Chi-Squared Test
A statistical test used to determine if there is a significant association between two categorical variables.
Nominal Variables
Variables that represent categories with no intrinsic ranking or order, such as gender, nationality, or brand names.
Degrees of Freedom
The number of values in a calculation that are free to vary without violating any constraints.
Contingency Table
A tabular method to display the frequency distribution of variables along with their joint distribution.
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