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________ make firms unique and attractive to customers.
Confidence Intervals
A stretch of values, from sample data analysis, that is envisaged to hold the value of an undefined population characteristic.
Outliers
Observations in a data set that are significantly distant from the other observations, potentially indicating variability in measurement or experimental errors.
Confidence Intervals
A range of values, derived from sample statistics, that is believed to contain the true population parameter with a certain level of confidence.
Unknown Parameters
Quantities in a statistical model that are not known a priori but are estimated from data.
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