Examlex
Instructions: Please define the following key terms.
-Council of Ministers
Confidence Interval
An estimated range of values calculated from a given set of sample data, reflecting where the true population parameter is expected to lie with a certain level of confidence.
Normal Distribution
A bell-shaped curve that represents the distribution of many types of data where most observations cluster around the mean.
Standard Error
A measure of the variability or dispersion of a sampling distribution.
Margin of Error
The largest anticipated discrepancy between the actual population parameter and its estimate derived from a sample.
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