Examlex
Name the figure below and describe how it works.
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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