Examlex
What is product differentiation and how can it be achieved?
Original Data Set
The initial collection of data or observations before any processing or analysis has been conducted.
Trimmed Mean
A measure of central tendency calculated by removing a certain percentage of the smallest and largest values from a data set before calculating the mean of the remaining data.
Bootstrap Confidence Interval
A method for estimating the uncertainty of a statistic by resampling the original data and calculating the statistic across these samples to form an interval.
Bootstrap Standard Error
A method for estimating the standard error of a statistic by resampling with replacement from the original dataset and computing the statistic over many resamples.
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