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Standard Error
A statistical measure that quantifies the amount of variability in a sample mean compared to the population mean, used to gauge the precision of the sample mean.
Sampling Distribution
A statistical distribution of all possible samples' statistics taken from a population.
Probability
A measure of the likelihood of a given event occurring, expressed as a number between 0 (impossible) and 1 (certain).
Sample Means
Average values derived from a subset (sample) of a larger population.
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