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If You Had a Small Business and Needed a Sales

question 127

True/False

If you had a small business and needed a sales force but did not wish to hire anyone,you could use the services of an independent agent.


Definitions:

Two-sample Chi-square

A statistical test used to determine if there is a significant difference between the categorical distributions of two independent samples.

Goodness-of-fit Test

A statistical test used to determine how well observed data fit a specific distribution or model.

Test of Independence

A statistical method used to determine if there is a significant association between two categorical variables.

Nonparametric Tests

Statistical tests that do not assume a specific distribution in the data and are used for ordinal or nominal data.

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