Examlex
Which of the following statements is not true?
Population Parameter
A value that represents a characteristic of an entire population, such as its mean or standard deviation.
Random Sample
A subset of individuals chosen from a larger set, where each member has an equal chance of being selected, ensuring unbiased representation.
Confidence Interval
A range of values, derived from the sample statistics, that is believed to contain the true population parameter with a certain probability.
Standard Deviation
A quantitative assessment of how much data points diverge from the average value in a series.
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