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Standard Error
A statistic that measures the dispersion of sample means around the population mean.
Sample Mean
The arithmetic average of a sample set of data, used to estimate the population mean.
Normally Distributed
Describes a data set that follows a bell-shaped curve where most observations cluster around the mean and probabilities for values taper off symmetrically towards both extremes.
Standard Deviation
Standard deviation is a measure of the amount of variation or dispersion of a set of values, indicating how much the values in the set differ from the mean.
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