Examlex
The auditor must test a manufacturing client's cost system to substantiate the valuation of a inventory.
Statistically Significant
A term used to indicate that the probability of the observed data, or something more extreme, happening by chance is low under the null hypothesis.
Stochastic Relationship
A relationship between variables or processes that involves randomness, implying that predictions can only be made probabilistically.
Regression Analysis
A statistical technique for modeling and analyzing the relationships between a dependent variable and one or more independent variables.
Dependent Variable
The variable in an experiment that is expected to change in response to manipulations of the independent variable.
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