Examlex
A company does not set a final price until the product is finished or delivered. This is known as ________.
Margin Of Error
An expression of the maximum expected difference between the true population parameter and a sample estimate of that parameter.
T-Distribution
A probability distribution that arises in the sampling distribution of the sample mean, especially when the sample size is small and the population variance is unknown.
Confidence Interval
A range of values, derived from sample data, that is believed to contain the true population parameter with a certain level of confidence.
Population Mean
The average value of a population set, calculated by summing all the members of the population and then dividing by the total number of members.
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