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The Principle of Occam's Razor Is a Principle of Reasoning;

question 3

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The principle of Occam's razor is a principle of reasoning; what does it say we should generally do?


Definitions:

Precision

The degree to which repeated measurements under unchanged conditions show the same results.

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, expressed with a certain level of confidence.

Confidence Level

The probability, expressed as a percentage, that a parameter lies within a specified range of values, indicating the reliability of an estimate.

Confidence Interval

A span of numbers that holds a certain likelihood of containing the actual value of the parameter.

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