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In the past, people relied on height-weight tables that were based on insurance company mortality statistics, but these were inaccurate because
Population Standard Error
A measure of the variability or dispersion of a population parameter, estimating the standard deviation of those parameters.
Confidence Interval
A spectrum of values, stemming from the statistics of samples, that is probable to contain the value of an elusive population parameter.
Mean
The arithmetic average of a set of numbers, calculated by dividing the sum of the values by the number of values.
Pay Plan
A structure outlining how employees are compensated, including salary levels, bonuses, and increments.
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