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Population Standard Deviation
A measure of the dispersion or spread of the entire underlying population's values around the mean.
Confidence Level
The probability that the value of a parameter falls within a specified range of values, known as the confidence interval.
Error of Estimation
The discrepancy between a parameter's estimated value and its true value in the population.
Error of Estimation
This refers to the margin of error in statistical estimates, representing the degree of uncertainty around the estimated value.
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