Examlex
A random sample of 121 bottles of cologne showed an average content of 4 ounces.It is known that the standard deviation of the contents (i.e., of the population) is 0.22 ounces.The point estimate of the mean content of the bottles is
Confidence
The feeling or belief that one can have faith in or rely on someone or something.
Environmental Initiative
An environmental initiative is a project or program aimed at promoting sustainability, conserving natural resources, reducing pollution, and protecting ecosystems.
Margin of Error
An expression of the amount of random sampling error in a survey's results, indicating the range of accuracy.
Sample Size
The number of individuals or observations included in a sample, which is a subset of a larger population for the purpose of statistical analysis.
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