Examlex
The average number of units earned per semester by college students is suspected to be rising. A researcher at Calendula College wishes to estimate the number of units earned by students during the spring semester at Calendula. To do so, he randomly selects 100 student transcripts and records the number of units each student earned in the spring term. Identify the variable of interest to the researcher.
Population Proportion
The ratio of members in a subset of the population who have a particular attribute to the total number of members in the population.
Point Estimate
A solitary figure or metric that represents the most probable estimate or optimal prediction for a population parameter, derived from sample data.
Margin of Error
The maximum expected difference between the true population parameter and a sample estimate of that parameter.
Mean
The average of a set of numbers, calculated by adding all the values together and dividing by the number of values.
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