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Rollo deeds a plot of timberland to Scholars University as a gift. The university pays nothing for the property. Rollo has given the university
Sample Size
The number of observations or subjects used in a study or research, influencing the study's findings' reliability and validity.
Variable
An element, feature, or factor that is liable to vary or change, used in experiments to determine its effects on the outcome.
Confidence Interval
A continuum of values, obtained through the study of sample statistics, poised to contain the value of an uncharted population parameter.
Confidence Level
The confidence level is a measure of the reliability of an estimate or interval, expressed as a percentage, indicating how often the true parameter falls within the estimated range in repeated samples.
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