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Commercial Arbitration Addresses Those Employer/employee Disputes Where No Union or Collective

question 40

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Commercial arbitration addresses those employer/employee disputes where no union or collective bargaining agreement is in effect.


Definitions:

Sampling Distribution

The probability distribution of a statistic based on a random sample.

Statistical Inferences

The process of drawing conclusions about population parameters based on a sample.

Probability

The likelihood or chance of an event occurring, expressed as a number between 0 and 1.

Parameter Data

Data or values that define or control the behavior of a mathematical function or system.

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