Examlex
A firm can usually serve two or more market segments with the same strategy.
Significance Level
The threshold of probability below which the null hypothesis is rejected in hypothesis testing.
Fair Coin
A theoretical coin which has an equal chance of landing on heads or tails.
Observed Frequencies
The actual number of occurrences or instances of a variable category observed in a statistical sample.
Chi-squared Goodness-of-fit Test
A statistical test used to determine if observed data fits a theoretical distribution.
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