Examlex
One application of secondary data is using it to study major demographic groups such as the Baby Boomers and Gen Yers.
Sampling Distribution
The probability distribution of a given statistic based on a random sample, underlying the principle of estimation in inferential statistics.
Mean
The arithmetic average of a set of numeric values, calculated by adding all the values together and dividing by the number of values.
Infinite Population
A theoretical or practical concept where the population size approaches infinity, making it impractical or impossible to study every individual in the population.
Standard Deviation
A metric assessing how greatly a collection of numbers diverges from their average value, reflecting the range of difference from the mean.
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