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Needs that customers acknowledge and try to satisfy are
Interval Estimation
A range of values used to estimate a population parameter, typically expressed as a confidence interval.
Margin of Error
The range within which the true population parameter is expected to lie, with a certain level of confidence.
Confidence
In statistics, it often pertains to the degree of certainty or probability that a parameter falls within a specified range.
Population Variance
A measure of the spread of a distribution within an entire population, indicating how much the data differ from the mean.
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