Examlex
The surrender of depreciated boot (fair market value is less than adjusted basis) in a like-kind exchange can result in the recognition of loss.
Confidence Intervals
A sequence of values, garnered from samples, anticipated to cover the value of a yet-to-be-discovered population parameter.
Sampling Distribution
The probability distribution of a given statistic based on a random sample.
Central Limit Theorem
A statistical theory that states that the sampling distribution of the sample mean will approach a normal distribution as the sample size becomes larger, regardless of the shape of the population distribution.
Test Statistic
A calculated value from statistical test data used to determine whether to reject the null hypothesis in favor of the alternative hypothesis.
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