Examlex
You are watching a movie, and you recognize the leading actress from several other movies. You insist that you know her name, but you just can't remember it. This is known as _____.
Confidence Interval
A range of values, derived from sample statistics, that is believed, with a certain level of confidence, to contain the value of an unknown population parameter.
Standard Deviation
A measure of the amount of variation or dispersion in a set of values, frequently used in statistics to gauge the spread of a dataset.
Random Sample
A subset of individuals chosen from a larger set where each individual has an equal chance of being selected, designed to represent the larger group.
Waiting Time
The period between a request or need for service and the actual provision of that service, often analyzed in queue theory and service operations.
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