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Exercising Fairness and Reasonable Judgment Is Referred to as

question 72

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Exercising fairness and reasonable judgment is referred to as


Definitions:

Probability

A measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Sample Mean

The average value computed from a sample of data, representing an estimate of the population mean.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values of a data set are.

Population

In statistics, the entire pool from which a statistical sample is drawn.

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