Examlex
Precision Engineering receives a contract to design and build a sewage treatment plant from the town of WaWa. It designs the project and assigns the construction to Dynamic Construction Ltd. The contract has no provisions regarding assignment. Can Precision make the assignment to Dynamic?
Test Statistic
A calculated value from sample data used to decide whether to reject the null hypothesis in statistical hypothesis testing.
Significant Change
An alteration in data or a pattern that is considered to be of importance due to its impact or magnitude.
Goodness of Fit
A statistical test to see how well sample data fits a distribution from a population with a normal distribution.
Degrees of Freedom
The number of independent values or quantities that can variably assign to a statistical calculation without breaking any constraints.
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