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Ordinary Arithmetic Operations Are Meaningful

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Ordinary arithmetic operations are meaningful


Definitions:

Random Sample

A subset of a statistical population in which each member has an equal chance of being chosen.

Confidence Interval

A range of values, derived from sample data, that is likely to include the true population parameter with a specified level of confidence.

Population Proportions

Population proportions represent the fraction of individuals in a population that belong to a specified category or exhibit a particular attribute.

Z-value

A measure of how many standard deviations an element is from the mean; often used in statistical analysis to determine significance levels.

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