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TABLE 12-16
A filling machine at a local soft drinks company is calibrated to fill the cans at a mean amount of 12 fluid ounces and a standard deviation of 0.5 ounces. The company wants to test whether the standard deviation of the amount filled by the machine is 0.5 ounces. A random sample of 15 cans filled by the machine reveals a standard deviation of 0.67 ounces.
-Referring to Table 12-16, the parameter of interest in the test is ________.
Standard Error
A statistical measure that quantifies the amount of variability in the sampling distribution of a statistic, often used in the context of mean or proportion.
Sample Size
The number of observations or data points that form part of a sample taken from a larger population for the purpose of statistical analysis.
Point Estimate
A single value that serves as the best guess or best estimate of a population parameter based on sample data.
Point Estimate
A single value given as the best guess or estimate representing a population parameter, based on sample data.
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