Examlex
Leasing allows small lessors to "lend" cheaply because lease contracts and collateral come in standardized forms.
Type II Error
The error that occurs when a statistical test fails to reject a false null hypothesis, also known as a "false negative" result.
Statistical Outcome
The result of any single observation or measurement regarding a statistical experiment.
Validity
The extent to which a concept, conclusion or measurement is well-founded and likely corresponds accurately to the real world.
Ordinal Data
Data that can be categorized and ranked in a specific order, but the intervals between the ranks are not necessarily equal.
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