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Sample Observation
An individual data point collected from a sample that is used for analysis and making inferences about the population.
Population Variance
A measure of the dispersion of all data points in a population from the population mean, indicating the diversity within the population.
Confidence Interval
A range of values within which there is a specified probability that the true parameter lies.
Sample Variance
A statistic used to estimate the variance of a population, calculated from a sample of data from that population.
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