Examlex
Which product will most likely be exclusively distributed?
BMW cars
Levi's blue jeans
Bazooka bubble gum
Prairie Farms yogurt
Coca-Cola
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter.
Population Mean
The average of a set of characteristics (numeric values) in a population; a parameter that describes the central location of the data.
Sample Mean
The average of all data points in a sample, used as an estimate of the population mean.
Unbiased Estimators
Statistical estimators whose expected value is equal to the parameter being estimated.
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