Examlex
Stewart is a 10-year-old boy growing up in England, and Moe is a 10-year-old boy growing up in the United States. What difference in handedness would you expect?
Error
The difference between a measured or calculated value and its true value; often used in statistics and scientific experiments.
Confidence Interval Estimate
A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter.
Prediction Interval
An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.
Expected Value
The average outcome that one can expect to occur after many repetitions of a random experiment.
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