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Tables consist of rows, columns, and cells, much like text files. _________________________
Direct Labor
Labor costs directly tied to the production of goods or services, such as wages for assembly line workers.
Probability Distributions
Mathematical functions that provide the probabilities of occurrence of different possible outcomes for an experiment.
Sample Space
Every conceivable outcome that a statistical trial might produce, gathered together.
Experiment
An experiment is a methodologically designed study that manipulates variables to determine their effect on an outcome, allowing for the testing of hypotheses and cause-and-effect relationships.
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