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Dan,a computer programmer,holds a garage sale to sell a lawnmower,some clothes,some CDs and some old clothes.Will,a lawyer,sells Thelma his collection of seashells.Philip,a CEO of a successful company,sells George his pet parakeet.Judy,an expert horse trainer,sells Bob a horse.Which person would be considered a merchant under the UCC?
One-tail
Refers to a one-tailed test in statistics where the critical area of a distribution is one-sided so that it tests for the possibility of an effect in one direction.
Two-tail
A statistical test in which the regions of rejection are on both sides of the sampling distribution, used to check for any significant difference, regardless of direction.
One-sample T-test
A statistical test used to determine if the mean of a single sample differs significantly from a known or hypothesized population mean.
Parametric Counterpart
Statistical methods or models that assume the data comes from a population that can be characterized by a set of parameters.
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