Examlex
Describe the categories of variable pay.
Trimmed Mean
Trimmed Mean is a measure of central tendency calculated by removing a specified percentage of the smallest and largest values from a data set before calculating the mean of the remaining data.
Resampling Method
A statistical technique that involves taking repeated samples from observed data, used for estimation or testing hypotheses.
Bootstrap
A statistical method that involves resampling with replacement from a dataset to assess variability in a statistic.
Permutation
A permutation is an arrangement of all or part of a set of objects, with regard to the order of the arrangement.
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