________________ Is a Process Where Merchants and Utility Companies Take

question 84

Short Answer

________________ is a process where merchants and utility companies take the information from a check an individual has just written,and electronically debit the individual's account instead of sending the check through the regular check clearing process.

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Definitions:

Level of Significance

A threshold in hypothesis testing that determines whether a result is statistically significant.

Random Samples

A portion of a statistical group where every individual within this segment stands an equal chance of selection.

Contingency Table

A type of table in a matrix format that displays the (multivariate) frequency distribution of the variables.

Independence

In probability and statistics, a condition where two events or variables have no influence on each other's occurrence or value.