An Assumption Underlying the Use of T-Statistic in Sample-Based Estimation

question 76

True/False

An assumption underlying the use of t-statistic in sample-based estimation is that the population is normally distributed.

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Price

The quantity of cash forecasted, demanded, or paid in return for an item.

Entire Income

The total amount of income received from all sources before any deductions, taxes or expenses are subtracted.

Units

A standard or basic quantity into which an item of supply is divided, issued, or used.

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