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Pat and Kelly each have five of the same cocktail. Pat gets very drunk. Kelly does not. Which factor would MOST likely account for this difference?
Standard Error
A statistic that measures the dispersion or variability of a sampling distribution, often used in estimating parameters.
Confidence Interval
A range of values that is used to estimate the true value of a population parameter with a certain level of confidence.
Population Standard Deviation
A measure of the dispersion of a set of data from its mean, calculated for the entire population.
Confidence Interval
A statistical range, with a given probability, that contains the true parameter of the population.
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