Examlex
Which of the following distribution-free tests has the lowest efficiency rating compared to its parametric counterpart?
Interval Estimate
An estimation that specifies a range within which a parameter lies, providing an interval believed to encompass the true value of that parameter.
Sample Mean
The average of all the values in a sample set of data.
Confidence Interval
A span of values, taken from sample statistics, seen as likely to encase the value of an unidentified population parameter.
Confidence Level
The probability, expressed as a percentage, that a parameter lies within a specified range of values (confidence interval).
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