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(i. The standard error of the mean is the standard deviation of the sampling distribution of the sample means.
(ii) The standard deviation of the sampling distribution of the mean is always larger than the standard deviation of the population under study.
(iii) For a sampling distribution of the means, 95% of the means would be between 1.96 standard deviations.
Weigh
The action of determining the mass or weight of an object using scales or other measuring instruments.
Compound Journal Entry
A journal entry that affects more than two accounts.
Fiscal Year
A one-year period chosen by a business for financial reporting and taxation purposes, which may not coincide with the calendar year.
Accounting Period
A specific time period for which financial information is reported, commonly a year or a quarter.
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