Examlex
Create an example and explain how it shows the effect of path merging on positive and negative variation.
Population Mean
The average of a set of numerical values of an entire population.
Observations
Data collected during an experiment or survey; each observation represents an individual unit of measured data.
Confidence Levels
The probability or percentage that specifies how confident one can be in the method used to construct a confidence interval estimate of a population parameter.
Confidence Intervals
Ranges of values, based on sample data, that are used to estimate the likelihood of containing the population parameter of interest within a specified level of certainty.
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