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, and in Column 3 the financial statement that the account appears upon.
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Definitions:
Null Hypothesis
A statement used in hypothesis testing that indicates no significant difference or effect.
P-value
The probability of observing a statistic at least as extreme as the one observed, given that the null hypothesis is true.
Level of Significance
A threshold in hypothesis testing that determines the probability of rejecting a true null hypothesis, often denoted by alpha.
Mean Square
A statistical measure calculated by dividing the sum of squares by the degrees of freedom, often used in variance analysis.
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