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Suppose that, in an exercise, your psychology class had to think of as many household items as they could that started with the letter 'W'. One half of the class worked as individuals and the other half as an interacting group. If the group output was poorer than the sum of the individuals, you would have a fairly clear example of:
Margin Of Error
An indicator of the precision of an estimate or poll, expressing the range within which the true value lies with a specified level of probability.
Confidence
The degree of certainty or trust in a specific context, often used to refer to the level of certainty in statistical conclusions.
Confidence Interval
A band of numerical estimates, from sample data, seen as likely to include the value of an invisible population characteristic.
Sampling Distribution
The probability distribution of a given statistic based on many random samples from a specific population.
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