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Consider two long, straight parallel wires, each carrying a current I. If the currents are flowing in the same direction:
Population Parameter
A value that represents a characteristic of an entire population, such as its mean or standard deviation, often estimated from a sample.
Confidence Interval
A selection of numerical values, culled from sample data, likely to hold within it the value of an unrevealed population parameter.
Population Mean
The average of all the data points in a population, representing the central tendency of the entire population's values.
Sample Mean
The average value of a set of data points taken from a sample of a larger population.
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