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The Standard Deviation of a Sample of 100 Elements Taken

question 56

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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


Definitions:

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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