A Partnership

question 200

Multiple Choice

A partnership

• A)Is a legal organization separate from its owners.
• B)Is a non-business organization.
• C)Has unlimited liability.
• D)Has to have a written agreement in order to be legal.
• E)Is also called a sole proprietorship.

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Definitions:

Distribution

The way in which something is shared out among a group or spread over an area, or the set of all possible values of a variable and how frequently they occur.

P-value

The probability of observing a test result at least as extreme as the one observed, under the assumption that the null hypothesis is true.

Kruskal-Wallis Test

The Kruskal-Wallis test is a non-parametric method for testing whether samples originate from the same distribution, used when the assumptions of one-way ANOVA are not met.

Hypotheses Testing

A statistical method that uses sample data to evaluate a hypothesis about a population parameter, typically involving a test statistic to determine the likelihood of the hypothesis being true.