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To what extent did differences in wealth and status in the colonies increase or diminish from 1700 to 1775? Explain.
Standard Error
The standard deviation of the sampling distribution of a statistic, most commonly of the mean, used to estimate the accuracy of sample mean as an approximation of the population mean.
Sample Size
The number of observations or data points used in a statistical sample from a larger population.
Population Standard Deviation
A statistical measure that quantifies the amount of variance or dispersion in a set of data points across an entire population.
Standard Error
A measure of the variability or dispersion of a sample statistic (like the sample mean) from the population mean, indicating its accuracy when estimating a population parameter.
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