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When a business is being purchased, if possible, the purchaser should bargain for more of the purchase price being allocated to goodwill and covenants not to compete rather than depreciable assets.
Confidence Interval
A range of values, derived from sample data, within which there's a specified probability that the true parameter value lies.
Mean
The arithmetic average of a set of numbers, calculated by adding them together and dividing by the number of values.
Standard Error
The standard deviation of the sampling distribution of a statistic, measuring its accuracy as an estimate of the population parameter.
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter with a specified level of confidence.
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