Identify the Following Term(s)

question 93

Short Answer

Identify the following term(s).
-Omar Khayyam

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Definitions:

Prediction Intervals

A prediction of the range within which future results are expected to occur, with a specified level of confidence, based on existing observations.

Confidence Interval

A series of values, derived from investigations of a sample, expected to incorporate the value of an unrevealed population parameter.

Population Mean

The average value of all the elements in a population, representing a central measure of tendency for the distribution of values.

Christmas Trees

In the oil and gas industry, an assembly of valves, spools, and fittings used on a wellhead to control the flow of oil and gas.