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Inflation this coming year is expected to be 4 percent.If Mr.Gonza earned $37,000 this year,how much must he earn the following year just to keep up with inflation and maintain the balance between his income and his increasing expenditures? (Show all work.)
P-Value
The probability of observing test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.
Degrees of Freedom
The number of independent values or quantities that can vary in the calculation without violating any constraint.
Contingency Table
A tabular method used to summarize the relationship between several categorical variables, showing distribution of frequencies.
Qualitative Variables
Variables that describe or categorize attributes or properties of a subject without using numerical values.
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