Describe Three Tools Available Through the Prepare Command and Summarize

question 37

Essay

Describe three tools available through the Prepare command and summarize why the Prepare command and its tools are important.

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Definitions:

Finite Population Correction Factor

An adjustment applied in statistical calculations to account for the effect of sampling from a finite population, as opposed to an infinite one.

Sample Size

The number of observations or data points selected from a population for the purpose of statistical analysis.

Confidence Interval

A stretch of values, resulting from sample analytics, projected to envelop the value of a hidden attribute in a population.

Population Proportion

The ratio of members within a subset to the total number of members in a population.