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Students in an introductory college economics class were asked how many credits they had earned in college, and how certain they were about their choice of major. Their replies are summarized below.
For a chi-square test of independence, degrees of freedom would be:
Risk
Risk refers to the potential for loss or harm when engaging in an activity or making a decision, often quantified in terms of probability and impact.
Land Ownership
The legal right or title to possess and use a specific parcel of land.
Reliable Factual Information
Information that is dependable and based on facts, thereby considered accurate and trustworthy.
Uncertainty
A state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.
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