Examlex
In a bailment, the
Population Parameter
A numerical value that describes a characteristic of the entire population.
Confidence Level
The degree of certainty that a parameter lies within a specified range.
Confidence Interval
A set of values from sample statistics expected to cover the value of a not-yet-known population parameter.
Unbiased Estimator
A statistical estimator that is expected to equal the true parameter of the population being studied.
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