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It is not necessary to post the closing entries to the general ledger.
Standard Deviation
A parameter for evaluating the breadth of dispersion or difference in a set of figures.
Sample Proportion
The fraction of items in a sample meeting a certain criterion, representing a subset of the population fraction with that characteristic.
Sample Mean
The average value of a sample set of numbers, calculated by adding up all the observations and dividing by the number of observations.
Standard Error
The standard deviation of the sampling distribution of a statistic, typically the mean, indicating the accuracy of the sample mean compared to the population mean.
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