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A Confidence Interval Is an Interval Estimate of a Population

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A confidence interval is an interval estimate of a population parameter that also specifies the likelihood that the interval contains the true population parameter.


Definitions:

North American Industry Classification System

A classification system used by business and government to categorize and measure economic activity in the United States, Canada, and Mexico.

Six-Digit Coding

A detailed classification method, often referring to systems like the Harmonized System for classifying traded products, using six-digit codes to identify specific items.

Optical Fiber

A thin, flexible strand of glass or plastic that transmits light signals, mainly used in telecommunications for high-speed data transfer over long distances.

Telephone Traffic

The volume of calls made and received over a telephone network within a specified period.

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