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Differentiate Between Static Reports and Dynamic Reports

question 98

Essay

Differentiate between static reports and dynamic reports.


Definitions:

T Distribution

A distribution of probability applied to infer parameters of a population when the sample size is limited and the population's variance is not known.

Degrees Of Freedom

A statistical concept used to determine the number of independent pieces of information when estimating a parameter or fitting a model to data.

Normal Distribution

A bell-shaped frequency distribution curve, where most occurrences take place in the middle of the range and fewer occur on either side.

Endowment

A donation or funding given to an institution or individual to provide income for ongoing support.

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