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Dr. Eggleston is lecturing on various statistical analyses in class. He notes the definition for a chi-square test of independence as:
Replacement Value
The cost to replace an asset or property at its current value, without deduction for depreciation, at the time of loss.
Indemnity
A legal principle involving security or protection against financial liability or loss.
False Statements
Deliberately untrue assertions made by someone, which can sometimes be a legal offence if made in certain contexts.
Incontestability Clause
A provision in an insurance policy that makes the policy non-contestable after it has been in force for a certain period, usually two years, except under certain conditions.
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