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What are the two critical decisions that have to be made by the financial manager?
Sample Mean Difference
The difference between the average values from two samples, used in hypothesis testing to compare two groups.
Equal-variances Test
A statistical test used to determine if two populations have the same variance.
Degrees of Freedom
The count of unique values or quantities that can be allocated to a statistical distribution or a system while still adhering to given constraints.
Normal Populations
A population distribution that follows a normal (Gaussian) curve, where most observations cluster around the mean, and probabilities for values can be calculated using the curve.
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