The Chance That a Future Event Will Occur Is Called

question 15

Multiple Choice

The chance that a future event will occur is called ____________.

• A)Probability
• B)Goodness of fit
• C)Degrees of freedom
• D)Random selection
• E)All of the answers are correct

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Definitions:

Sum of Squared Errors

The total of the squared differences between the observed values and the values predicted by a model or the mean.

Variation

A measure of the spread or dispersion of a set of data points within a dataset.

Null Hypothesis

A default hypothesis that there is no significant effect or difference, and any observed variation is due to chance.

Normally Distributed

Describes a distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.