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Bernard Madoff defrauded clients out of millions of dollars.The probability that Madoff's employees have high ethical behavior is minimal due to
Student T Distributed
A probability distribution used in statistical analysis when the sample size is small and the population variance is unknown.
Randomly Selected
A method of selection that ensures each item or person has an equal chance of being chosen, aiming to eliminate bias.
T-Distribution
A type of probability distribution that is symmetric and bell-shaped but with heavier tails, used especially in small sample sizes.
Degrees Of Freedom
The number of independent values or quantities that can be assigned to a statistical distribution, typically influencing the shape of the distribution.
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