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Sampling Distribution
A distribution showing the probability of various outcomes for a specific statistic, coming from a random sample, and used for inferential purposes about the population.
Sampling Distribution
The probability distribution of a statistic based on random samples from a population, often used to make inferences about the population.
Business Situations
Various contexts or scenarios in the business world that require decision making or analysis.
Standard Error
A measure of the variability or precision of the sample mean estimate of a population mean, reflecting how much the sample mean would vary if the study were repeated.
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