For each of the following, identify in column 1 the category to which the account belongs, in column 2 the normal balance for the account, in column 3 the financial statement that the account in which the account balance is reported, and in column 4 the account's nature (permanent/temporary).
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Definitions:
Sampling Distribution
The probability distribution of a given statistic based on a random sample, used for hypothesis testing.
Non-normal Populations
Populations that do not follow a normal distribution, which affects the choice of statistical methods used.
Independently
Without being influenced by others or by external factors; in statistics, refers to events that have no effect on the likelihood of other events occurring.
Sampling Distribution
The calculated probability distribution relevant to a specific statistic, achieved by random sampling.
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