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(Consider This) The average life expectancy of a U.S.business is approximately
Z-test
An analysis technique that evaluates the difference in means between two populations with known variances and substantial sample sizes.
Nominal Data
Data categorized without a natural order or ranking, distinguished merely by name.
Binomial Experiment
A statistical experiment that adheres to the following criteria: fixed number of trials, only two possible outcomes, constant probability of success, and independence between trials.
Chi-squared Distribution
A statistical distribution used extensively in hypothesis testing, particularly in tests of independence and goodness-of-fit.
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