Examlex
An example of a salient characteristic is:
Trimmed Mean
A method of averaging that removes a specified percentage of the largest and smallest values before calculating the mean, often used to reduce the effect of outliers.
Bootstrap Standard Error
A measure of the variability or dispersion of a statistic's sampling distribution, estimated using the bootstrap resampling method.
Critical Value
A threshold value in hypothesis testing that defines the boundary of the rejection region; values beyond this indicate statistical significance.
Confidence Interval
A spectrum of numerical values, derived from the analysis of a sample, likely to enclose the value of an elusive population parameter.
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