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Determine If There Exists a Relationship Between Ice Cream Sales

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Essay

Determine if there exists a relationship between ice cream sales and temperature.


Definitions:

Parametric Test

A type of hypothesis test that assumes the sample data comes from a population that fits a certain distribution, typically a normal distribution.

Z-statistic

A measure used in statistics to describe the relationship between the standard deviation of the distribution and the deviation of a point from the mean.

Significance Level

The probability of rejecting the null hypothesis when it is true, also known as the alpha level, used as a criterion for statistical significance.

Location

A specific position or point in physical or virtual space.

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