Examlex
As wages for manufacturing workers rise, wages for service workers will stay the same.
Normal Approximation
The process of using the normal distribution as an approximation for another distribution, commonly applied when the sample size is large.
Binomial
A type of probability distribution with two possible outcomes, used to model situations with fixed numbers of trials and the same probability of success.
Population Proportions
The ratio of members in a statistical population who have a particular attribute, compared to the total number of members in the population.
Pooled Proportion Estimate
An estimation technique that combines the proportions of two or more groups into a single overall proportion.
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