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Define and Show Clearly the Distinctions Between Univariate Statistics, Bivariate

question 5

Essay

Define and show clearly the distinctions between univariate statistics, bivariate statistics, and multivariate statistics.


Definitions:

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve's discount window.

Arbitrary Cutoff

A subjective point chosen without any specific criterion or rationale, often in data analysis or reporting.

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