Examlex
Reduce the fraction to lowest terms by first factoring the numerator and denominator into the product of prime factors and then dividing out any factors they have in common.
Estimator
A rule or formula that provides an estimate of a population parameter based on sample data.
True Value
True value refers to the actual value of a parameter or statistic in the population, which statistical estimates aim to approximate.
Confidence Interval
A range derived from sample statistics that likely contains the true population parameter at a specified level of confidence.
Standard Deviation
An assessment of the level of disparity or distribution spread in a dataset.
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