Examlex
What is the increase in the objective value if 2 units of packaging are added?
Confidence Interval
A set of values, calculated from sample statistics, predicted to hold the value of an unobserved population parameter.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean.
T-Distribution
A probability distribution used in statistics that arises when estimating the mean of a normally distributed population in situations where the sample size is small and population variance is unknown.
Confidence Interval
A range of values, derived from the sample data, that is believed, with a certain degree of probability, to contain the true population parameter.
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