Examlex
When you deposit $50 in currency at Old National Bank
Normal Distribution
A bell-shaped curve that is symmetric about its mean, representing the distribution of a set of data where most observations cluster around the central peak.
Simple Random
A sampling method where each member of a population has an equal chance of being selected, ensuring unbiased representation.
Systematic Sampling
A statistical sampling method where elements are selected from an ordered population using a fixed periodic interval.
Stratified Sampling
A method of sampling that divides the population into distinct layers or strata and then randomly selects samples from each stratum.
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