Examlex
When conducting a Hypothesis Test using Continuous Data the proper sample size is influenced by the extent to which we need to assess a Difference to be detected and the inherent variation in the process.
Standard Deviation
A metric showing the extent of deviation or scatter of data points, highlighting the distance of these points from the central value.
Probability
The likelihood or chance of a particular event happening, often expressed as a number between 0 and 1.
Sample Size
Sample size is the number of observations or elements chosen from a population for analysis, which can affect the accuracy and reliability of statistical results.
Population Size
The total number of individuals or units in the group that a researcher or analyst is interested in studying.
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