Examlex
A contract might be for time and materials, in which case the customer will pay the contractor a fixed amount regardless of how much the work actually costs the contractor.
Degrees of Freedom
The number of independent values or quantities which can be assigned to a statistical distribution, often representing the number of values that are free to vary.
Test Statistic
A calculated value used in statistical testing to determine whether to reject the null hypothesis.
P-Value
The probability of observing test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.
Degrees of Freedom
The number of independent values or quantities that can vary in the calculation without violating any constraint.
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