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Name the Figure Below and Describe How It Works

question 48

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Name the figure below and describe how it works.
Name the figure below and describe how it works.


Definitions:

Confidence Interval

A range of values, derived from a sample, that is expected, with a particular probability, to contain the actual value of an unknown population parameter.

Sample Size

The total number of observations or data points collected in a statistical study.

Critical Value

A threshold in hypothesis testing that determines the boundary for rejecting the null hypothesis.

Confidence Level

The probability, expressed as a percent, that a parameter lies within a specified range of values (confidence interval).

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