Examlex
American Importers reports net income of $50,000 and cost of goods sold of $450,000. If the company's gross profit rate was 40%, net sales were
One-sample
Involves statistical inference methods that compare the mean of a single sample to a known value or theoretical expectation.
Degrees of Freedom
The number of independent pieces of information in a statistical calculation, often equal to the sample size minus the number of parameters estimated.
Categories
Groups or classes into which data or objects are organized based on shared characteristics.
Chi-square
A statistical test used to determine if there is a significant association between two categorical variables.
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