The MODE SNGL Function in Excel Will Correctly Identify More

question 36

True/False

The MODE SNGL function in Excel will correctly identify more than one mode in a data set.

---

Definitions:

β Value

A parameter in statistical models, especially regression analysis, representing the slope of the line of best fit or the degree of change in the dependent variable for a one-unit change in an independent variable.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, commonly denoted by alpha (α) and used to measure the strength of evidence against the null hypothesis.

α

Typically represents the level of significance in hypothesis testing, indicating the probability of rejecting the null hypothesis when it is actually true.

β Recalculate

A statistical process of re-estimating the beta coefficient in finance or regression models, adjusting for changes in variables or data.