Examlex
If a weather centre monitors and calculates the number of lightning flashes per 100 square kilometres for Edmonton, Alberta each year, what type of variable would they be investigating?
Standard Deviation
An estimator for the amount of disparity or spread found in a set of numerical values.
Sample Mean
The average value of a subset of a larger population, used to estimate the population mean.
Finite Population Correction
A statistical adjustment applied when sampling without replacement from a finite population, to improve the accuracy of estimates like means and proportions.
Standard Error
A statistic that measures the dispersion of sample means around the population mean, often used to estimate the accuracy of a sample mean compared to the actual population mean.
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