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Consider the following bar graph. What is the total number of barrels of oil per day used by all the countries listed?
Confidence Interval
A statistical range, computed from sample data, believed to encompass the actual value of a population parameter.
Normal Distributed
A statistical distribution where observations are equally distributed around the mean, creating a bell-shaped curve.
Significance Level
The threshold below which a p-value is considered statistically significant, typically set at 0.05 or 5%.
Random Sample
A selection made from a group where each individual has the same probability of being chosen.
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