Examlex
Which of the following is NOT an important point to keep in mind when considering career options?
Expected Value
The long-run average value of repetitions of the same experiment or random trial.
Sample Statistic
A measure derived from a sample portion of a population, typically used to estimate the characteristics of the entire population.
Population Parameter
A population parameter is a numerical value that represents a characteristic of an entire population, such as its mean or standard deviation.
Point Estimate
A statistical measure that provides the best single value estimate of a population parameter.
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