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i. Tests of hypotheses for nominal or ordinal levels of measurement are called nonparametric or
Distribution-free tests.
ii. There is not one, but a family of chi-square distributions. There is a chi-square distribution for 1
Degree of freedom, another for 2 degrees of freedom, another for 3 degrees of freedom, and so on.
iii. The shape of the chi-square distribution depends on the size of the sample.
Coverdell Education Savings Account
A tax-advantaged saving account designed to pay for education expenses, from primary to higher education.
AGI
AGI (Adjusted Gross Income) is a measure of income calculated from your gross income and allows certain deductions to lower your taxable income, such as contributions to retirement accounts and student loan interest.
CESA Contribution
Contributions made to a Coverdell Education Savings Account that are designated for financing educational expenses.
Annuity Contract
A financial product sold by financial institutions that offers fixed or variable payments to an individual over time, often used for retirement savings.
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