Examlex
Describe counterfactual thinking and provide two examples.
Expected Value
In probability and statistics, it is the average value obtained from numerous trials of an experiment over an extended period.
Confidence Interval
A compilation of values, resulting from the statistical study of samples, aimed to likely capture the value of an unknown population parameter.
Long-Run Average
Refers to the average of a set of values or outcomes over a long period of time, often used in economics to predict long-term equilibrium or trends.
Confidence Interval Estimate
A scope of values, sourced from sampling, anticipated to encapsulate the value of an unidentified population statistic.
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