Examlex
Joe wandered onto Sam's land, not realizing that he crossed the property line. Sam found him there and sued him for trespassing. Explain the likely outcome.
Confidence Level
The probability with which a statistical estimate can be expected to contain the true parameter value.
Confidence Interval
A band of values calculated from sample statistics, expected to enclose the value of a yet-to-be-identified population parameter.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much individual data points deviate from the mean.
Confidence Interval
A collection of values from sample statistics, which is anticipated to capture the value of an obscure population parameter.
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