Examlex
Why does $100 due one year from now have less economic value than $100 has today? What do you need to know before you can determine the difference between the economic values of the two payments?
Student T-distributed
A probability distribution used in statistical analyses when the sample size is small and the population standard deviation is unknown.
Test Statistic
A calculated value from sample data used to decide whether to reject the null hypothesis in the context of a hypothesis test.
Normal Distribution
It is a probability distribution that features a symmetric alignment around the mean, emphasizing that data around the mean occur more than data at a distance.
Degrees of Freedom
The count of separate values or amounts that are capable of changing in an analysis while still respecting all limitations.
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