Examlex
What color is represented by the hexadecimal RGB code "00FFFF"?
Margin of Error
A measure of the range of values below and above the sample statistic in a confidence interval; it quantifies uncertainty in estimates.
Standard Error
A measure of the variability or dispersion of a sample statistic from the population parameter.
Confidence Interval
A set of values, obtained from sample data, that probably includes the value of an unspecified population parameter, given a certain confidence level.
Point Estimate
A solitary figure or statistical measure employed to approximate the worth of a population parameter.
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