Examlex
List and briefly describe the common functional applications.
Variance
A measure of the dispersion of a set of data points around their mean value, quantifying how much the data points differ from each other.
Standard Deviation
A measure that quantifies the amount of variation or dispersion of a set of numeric values.
Test Statistic
A numerical measure that summarizes data from a sample to make inferences about a population parameter in hypothesis testing.
Variance
A measure of dispersion indicating how far individual values in a dataset are from the mean.
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