Examlex
Explain how underground economic activity affects measurement of GDP.
Interval Estimate
A type of estimate used in statistics that specifies a range within which a population parameter is expected to lie with a certain level of confidence.
Distribution
Refers to the way in which something is shared out among a group or spread over an area.
Standard Error
The standard deviation of the sampling distribution of a statistic, often used in the context of mean.
Point Estimate
A single value or statistic that is used to estimate the parameter of a population.
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