Examlex
Salary and interest allowances for partners are:
Statistically Significant
A determination that a result from data analysis has a low probability of occurring by chance, indicating a meaningful difference or relationship.
Practical Importance
Refers to the relevance and applicability of an idea, research finding, or theory to real-world situations.
Central Tendency
A statistical measure that identifies a single value as representative of an entire distribution of data, commonly using the mean, median, or mode.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values from their average (mean).
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