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Confidence Interval
A confidence interval is a range of values, derived from sample statistics, used to estimate the true value of a population parameter with a certain degree of confidence.
Normally Distributed
Describes a type of continuous probability distribution for a real-valued random variable where the data forms a symmetric, bell-shaped curve about the mean.
Variances Assumed
A condition in statistical analysis where it is presumed that the variances of two or more populations are equal, important in certain tests like ANOVA.
Independent Random Samples
Samples selected from a population in such a way that each individual has the same chance of being selected, and the selection of one individual does not affect the selection of another.
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