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When engaging a problem, those who are beyond Piaget's formal operational stage realize that even though there is a temptation to be abstract and idealistic in a situation, there are times when the more effective option is to be practical and pragmatic. This is displaying:
Population Standard Deviation
A measure of the dispersion or spread of a set of data values in a population, indicating how much individuals within this population vary from the population mean.
Interval Estimate
An estimate of a population parameter that provides a range of values believed to contain the parameter with a certain degree of confidence.
Sample Standard Deviation
A measure of the dispersion or variability of a set of data points in a sample.
Point Estimate
A single value estimation derived from a sample that serves as the best guess of a population parameter.
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