Examlex
The standard deviation of a sample of 100 elements taken from a very large population is determined to be 60. The variance of the population
Probability
Estimating the chances of an occurrence happening.
Classical Method
A traditional approach in statistical hypothesis testing where conclusions are drawn based on probability calculations and assumptions.
Probability
A notation of the chances an event will transpire, marked on a scale from 0 to 1.
Independent Events
Multiple events where the happening of one does not influence the likelihood of the other events happening.
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