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Walter Wanted to Be Able to Make Decisions About Issues

question 9

Multiple Choice

Walter wanted to be able to make decisions about issues that directly affected his department but in his company, the managers made all the decisions.So Walter left the company and started his own business.Walter was looking for:


Definitions:

Confidence Interval

A span of values, coming from sample observations, expected to include the value of a not-yet-identified population characteristic.

Degrees Of Freedom

The number of independent data points in a statistical calculation that are free to vary.

T-Distribution

A probability distribution that arises when estimating the mean of a normally distributed population in situations where the sample size is small and the standard deviation is unknown.

Student T-Distributed

Pertaining to a probability distribution that arises when estimating the mean of a normally distributed population in situations where the sample size is small and population standard deviation is unknown.

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