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In order to meet the requirements of the Howey test, an investor must not have direct control over the work that makes the investment a success or failure.
Athletes
Individuals who actively engage in physical sports, competitions, or activities requiring skill, physical prowess, or fitness.
Psychological Test
A standard procedure designed to measure an individual's behavior, personality, cognitive abilities, and other psychological attributes.
Standardised Measure
A test or assessment that is consistently administered and scored in the same way for all test takers, ensuring equitable measurement across different individuals.
Sample
A subset of individuals or observations collected from a larger population for the purpose of statistical analysis.
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